Heads up, Visteon Corp. employees: Cuts in white-collar health care benefits for future retirees probably won't be the last.
The reductions, announced last week to employees in an e-mail, call for white-collar workers who retire after June 1, 2007, to pay an average health insurance premium of $250 per month. Current retirees have no premium.
The company won't say how much it plans to save. But spokesman Jim Fisher did say the troubled supplier is studying further cuts. "We're going to continue looking at benefits, and there could be additional changes," said Fisher.
Visteon is hammering out details of a restructuring that will return 24 factories to former owner Ford Motor Co. And Visteon employees may be seeing more grim e-mails before the deal is done.