Category: buyouts
The UAWÂs membership, beset by a wave of automaker buyouts, last year fell by more than 73,000 workers to a new post-World War II low. In its annual report to the U.S. Department of Labor, the UAW said its total membership fell 13.
Reports of Ford Motor Co.Âs second round of buyouts and the sign-up deadline for employees this week created a sense of deja vu for me.
Automaker continues to lose money in North America, will offer more buyouts to hourly workers.
DETROIT — General Motors Corp., weighed down by the weakened U.S. economy, reported a $38.7 billion loss for 2007 today, the largest annual loss ever for an automotive company, and promptly offered a new round of buyouts to 74,000 U.S. hourly workers in hopes of replacing some of them with lower-paid employees.
General Motors today posted a quarterly loss reflecting a slump in its North American market and losses at former finance subsidiary GMAC and said it would offer buyouts or early retirements to all U.S.
DETROIT - General Motors Corp. is reporting the largest annual loss ever for a U.S. automotive company as it offers a new round of buyouts to 74,000 U.S. hourly workers. GM says Tuesday it lost $38.7
General Motors will offer buyouts or early retirements to all 74,000 U.S. hourly workers represented by the UAW in a sweeping deal with the union intended to clear the way for GM to hire lower-cost replacements.
General Motors Corp. is reporting the largest annual loss ever for a U.S. automotive company as it offers a new round of buyouts to 74,000 U.S. hourly workers.
Chrysler is offering buyouts of up to $100,000 to hourly workers at 11 of its U.S. facilities as part of its goal to cut up to 21,000 manufacturing jobs, or nearly half its U.S. hourly work force.
