GM says 19K US hourly workers taking its buyout offers
Summary from multiple countries, from articles in English
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DETROIT - General Motors on Thursday said that 19,000 hourly workers - a quarter of a unionized work force that already has been drastically pared down - have accepted buyouts. (article 5)
Most of the workers will depart within the next month, as G.M. formulates a plan to deal with plummeting demand for sport utility vehicles and pickup trucks while gasoline prices climb above $4 a gallon. (article 5)
The proportion of G.M. workers who took a buyout is more than triple the acceptance rate at Ford, where 4,200 of 54,000 workers took deals offered as part of a similar program. (article 5)
In the final part of his series on whether genetically modified food can help solve the world food crisis, BBC News rural affairs correspondent Jeremy Cooke reports from Uganda. (article 6)
GM Chairman and Chief Executive Rick Wagoner and top managers are finalizing additional restructuring moves and likely will announce details at the automaker's annual meeting on Tuesday in Wilmington, Del., two people familiar with the plan told The Associated Press. (article 4)
All of GM's roughly 74,000 U.S. factory workers had been eligible for early retirement packages and buyouts intended to clear the way for hires of lower-wage workers under a deal negotiated last year with the United Auto Workers union. (article 2)
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Story keywords
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GM, Workers, Buyouts, UAW, hourly |
Source articles
- 26% of workers at GM factories accepted buyout (boston.com, 05/30/2008, 549 words)
- GM says 19,000 U.S. factory workers take buyouts (Washington Post, 05/29/2008, 560 words)
- GM says 19K US hourly workers taking its buyout offers (Washington Post, 05/30/2008, 502 words)
- GM may reassign workers from trucks to cars (Washington Post, 05/30/2008, 413 words)
- 19,000 Take a Buyout (nytimes.com, 05/30/2008, 714 words)
- Could GM crops help feed Africa? (BBC News, 05/30/2008, 786 words)
- GM food: Monster or saviour? (BBC News, 05/29/2008, 1467 words)
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