The UAW announced late yesterday that more than 33,000 workers at automobile giant General Motors and bankrupt former subsidiary Delphi have accepted early retirement packages. The UAW said 25,000 employees of General Motors and 8,500 Delphi staff had signed up for deals ranging from $35,000 to $140,000. The union also said the number of employees accepting retirement packages was more than has been expected. The offers are available till June 23. GM aims to cut 30,000 jobs and shut down 12 plants as part of its massive restructuring.
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06/16, 5:36 PM
posted by:
Toy Yoda
So 33,000 “down”, how many more to UAW to go?
06/16, 6:40 PM
posted by:
manny
any is too many.
06/16, 8:37 PM
posted by:
Anonymous
Thats 1.155 billon if you paid every worker 33,000 alone
06/16, 9:21 PM
posted by:
Steve
I’m not surprised they accepted. Many of them probably had family to think of and figured it would be better to take the money now than risk getting nothing later. It’s too bad it has to happen this way, but they probably made the right choice to accept.
06/17, 7:30 AM
posted by:
Renton
Good luck with the rest of ‘em
06/20, 8:21 AM
posted by:
Bryan Detty
I was offered the buyout I only have 8 years at GM. GM offered me 75K, The way I looked at that it was only 43K after taxes. If I was on Unemployent for 6 moths and Sub pay for 1 year I would get paid 34K after taxes. So that means I was going to get an extra 10K to kiss my great paying job good bye.
I took the gamble and 1,209 took the buyout at my plant and now they are going to have to hire to have enough to run 2 shifts.
GM will survive this Legacy hump. GM won’t be as big as they used too, But atleast they wont be as bad as Ford they plan to cut 30,000 by 2012 that is 4 years to late.