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The
Detroit News reported Sunday that GM and the UAW are in the closing stages of negotiating a buyout plan that would
cover up to 20,000 GM and Delphi employees.
GM has apparently identified 37,000
“retirement-eligible” workers as it seeks to meet its target of reducing its payroll by 30,000 as part of its
restructuring.
The buyout plan is a key step in keeping the UAW and Delphi on side, with the UAW pressing GM
to take back Delphi workers as the bankrupt supplier struggles through a difficult restructuring. GM is also hoping to
use the buyout to trim its swelling jobs bank – some 8,000 workers paid full wages and benefits after their jobs have
been eliminated.