Business Services Industry
Fel-Pro family-friendly benefits to stay for now despite sale. (Fel-Pro Inc.)
Business Insurance, January, 1998 by Cowans, Deborah Shalowitz
SKOKIE, Ill. - Employees of Fel-Pro Inc. generally will continue to enjoy the company's family-friendly benefits for the next two years despite the company's planned sale to a much larger manufacturer. Fel-Pro often has been cited as one of the best companies to work for because of benefits such as a subsidized onsite day care center, a subsidized onsite summer camp and a free onsite fitness center.
The Skokie, Ill.-based automotive parts maker has about 2,700 employees. The buyer, Southfield, Mich.based Federal-Mogul Corp., also an automotive parts maker and distributor, has about 13,000 employees. Federal-Mogul is paying $225 million in common stock and $495 million in cash for Fel-Pro. Federal-Mogul expects to take an estimated $15 million to $20 million pretax...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
- Using object-oriented analysis and design over traditional structured analysis and design
Presented by American Express