Visteon to cut benefits of retiring U.S. salaried workers

Newswire

DETROIT, June 30 (Reuters) - Struggling auto-parts supplier Visteon Corp. said on Thursday it plans to cut retirement health-care and life insurance benefits for thousands of U.S. salaried workers to lower operating costs. "This is part of an ongoing effort to make Visteon competitive and profitable," Visteon spokesman Jim Fisher said. Salaried workers who retire on or after June 1, 2007, will no longer be eligible for company health-care coverage, Fisher said. The former subsidiary of ...

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