Up to Third of Gm's Workers to Retire Early

Birmingham Post › June 28, 2006

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Summary

General Motors yesterday announced that 35,000 workers - nearly a third of its hourly-paid workforce - had accepted payouts to retire and leave the company.

The number of volunteers puts the world's largest carmaker two years ahead of schedule on planned job cuts.

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Extract

Up to Third of Gm's Workers to Retire Early

Also, Delphi, the former GM parts unit that is restructuring in bankruptcy, said 12,600 of its hourly-paid employees had agreed to retire ...

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