GM says 17,398 workers took buyout

[jamz]

Filed under: Plants/Manufacturing, GM, Earnings/Financials, UAW/Unions
More than one-fourth of GM's 74,000 hourly employees are going to grab the loot and skedaddle. Earlier this year, UAW President Ron Gettlefinger estimated that 15,000 would put their hands out, but another couple thousand decided to hop on the General's money train. The workers are expected to finish their employment by July 1. GM's most recent deal with the UAW means it can replace those folks with lower wage workers and save itself a bundle on payroll. And that will make the job of saving itself that much easier.

[Source: Automotive News, sub req'd]
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