Way back in March of this year, the UAW, GM and Delphi sat down to figure out a buyout/retirement plan for the approximately 14,600 employees eligible to leave the workforce. Delphi employees were offered two separate packages: certain retirement eligible employees will be able to walk with a lump sum payment of $35,000, while others would be offered a buyout of between $40,000 and $140,000. A total of 12,400 employees eligible for retirement took the $35k and 1,400 opted to walk early and get a lump sum.
The General agreed to foot the bill for the lump sum payments, along with some post-retirement employee benefits.

How much are we talking? We'd expect the figures sometime before January 1st, 2007, when all the retirees/buyoutees take their leave.

[Source: The Auto Channel]


I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.


    • 1 Second Ago
  • From Our Partners

    You May Like
    Links by Zergnet
    Share This Photo X