Thursday, Jul 28, 2016
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Automotive

GM to offer buyouts to 5,200

DETROIT General Motors Corp. said yesterday it is offering buyouts and retirement incentives to 5,200 United Auto Workers-represented hourly employees at GM s service and parts and operations facilities across the country.

GM is expected to implement the second phase of the program in early 2008 for UAW-represented hourly employees at assembly, stamping, powertrain, and engineering facilities.

More than 34,000 GM workers left last year through retirement or buyouts, the company said.

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