Take the money and run - GM employees opting for buyout
It looks like General Motors will have no problem meeting its goal of cutting 30,000 jobs in the U.S., according to United Autombile Workers president Ron Gettelfinger.With about a week to go before GM's employee buyout offer expires, about 25,000 UAW members have signed up (around 22 percent of the UAW's GM membership) and Gettelfinger expects the final number to be at least 30,000. Another 8,500 workers at bankrupt auto parts supplier Delphi have accepted buyout offers, more than a third of its UAW membership. Delphi is planning eventually to cut 14,000 UAW jobs.
[Source: New York Times]
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