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GM says 19,000 US hourly workers taking buyout offers

DETROIT -- General Motors Corp. said Thursday that a quarter of its U.S. hourly workers will take the company's latest buyout and early retirement offers, opening the door for new hires who will make less money, according to the Associated Press.

The automaker said Thursday that 19,000 workers had agreed to take the buyout offers and leave the company by July 1. GM offered buyouts to all 74,000 of its U.S. hourly workers in February.

Posted by Peter C. T. Elsworth  at 2:59 PM to GM | Permalink

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