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GM to offer new round of buyouts to hourly workers

DETROIT - General Motors Corp (GM.N: Quote, Profile, Research) said on Tuesday it has reached an agreement with the United Auto Workers union to offer a new round of buyouts to its U.S. hourly workers, according to Reuters.

GM said the buyouts will include a combination of early retirement incentives and other programs similar to the ones offered in 2006.

Specific program details will be rolled out to employees beginning in January, the automaker said.

Posted by Peter C. T. Elsworth  at 2:27 PM to GM | Permalink

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