7,500 Hourly UAW Workers Take GM Buyouts

The total is now 60,500 buyouts since '06
By Ambreen Ali,  Newser User
Posted Mar 26, 2009 10:49 AM CDT
General Motors offered $20,000 in cash and $25,000 car vouchers to some of those departing.   (AP Photo/Paul Sancya, file)
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(Newser) – General Motors has convinced 7,500 unionized, hourly workers to accept buyouts and exit the company as early as next week, the Wall Street Journal reports. The automaker offered $20,000 in cash and $25,000 car vouchers—far less than previous offers—in this latest round of cuts to match declining demand, and prove to federal overseers that the company is viable. The vacated positions may be filled with new hires at half the rate, Bloomberg adds.