Lear Employees' Contributions to United Way Top Tier 1 Auto Suppliers
20 January 1999
Lear Employees' Contributions to United Way Top Tier 1 Auto SuppliersSOUTHFIELD, Mich., Jan. 19 -- Lear Corporation employees in the metropolitan Detroit area, through the 1998 United Way employee solicitation campaign, pledged a record $533,807 in contributions to this year's Torch Drive. This is the first time that Lear employees' annual contributions to the Southeast Michigan charity have exceeded the half-million-dollar mark. Lear's corporate gift of $90,000 brought the company's total 1998 contribution to an all-time high of $623,807 -- an increase of nearly 30 percent over 1997. For the 1998 campaign, Lear Corporation again leads all Tier 1 automotive suppliers in contributions to United Way Community Services. "Our 1998 goal was to increase employee giving by ten percent over 1997," said Ken Way, Chairman and Chief Executive Officer of Lear Corporation. "To exceed that goal three-fold and to raise more than a half-million dollars shows the tremendous generosity of our employees and their willingness to sacrifice for those members of our community who are less fortunate." Currently, Way is serving a two-year term as Chairman of United Way Community Services, the sponsor of the annual Torch Drive that this year marked its 50th year and raised more than $69.1 million. Lear Corporation's Chrysler, Ford, and GM Divisions as well as its Interior Systems Group also put together a team of more than 120 Lear volunteers who served as account executives in soliciting other companies located in Wayne, Oakland, and Macomb counties for corporate and employee contributions. Lear Corporation, a Fortune 500 company, is one of the world's largest automotive suppliers, with 1997 sales of $7.3 billion. The company's world- class products are designed, engineered and manufactured in 28 countries on six continents. Information about Lear and its products is available on the Internet at http://www.lear.com.