GM Offers $60,000 Buy Out Packages To 3,000 Trained Workers

General Motors Co. said Monday it is offering $60,000 buyout and early retirement packages to skilled-trade workers at 14 plants because the automaker has 2,500 to 3,000 more of the highly trained workers than it needs.

This is the first time GM has used generous incentives to persuade hourly workers to leavethe company since the automaker emerged from bankruptcylast year.

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Steve - 12/14/2010 4:35:29 PM

+3 Boost

Yes, it's easy to be generous with someone else's money (that would be the Tax Payers') :-(

Joe_Limon - 12/14/2010 4:44:57 PM

+1 Boost

"the automaker has 2,500 to 3,000 more of the highly trained workers than it needs."

Define highly trained... also, define how much is in that early retirement package attached to the $60k?

Whelan - 12/15/2010 8:00:00 AM

+2 Boost

Why would they accept that when they can just go collect 90% for years and years in unemployment before even tapping into their retirement.

How about you just give them a new car every couple of years instead. Lord knows you have the fleet sales to cover such an offer and it would be out of your own pocket and not mine. Oh wait, it is out of mine cause my tax dollars saved your butt so you could keep making poor decisions governed by UAW lobbies.

internationalmanofmystery - 12/15/2010 12:51:59 PM

+1 Boost

"...it's easy to be generous with someone else's money"

Nuff said

Spectator - 12/15/2010 3:28:11 PM

+1 Boost

Hey I actually agree with this. Buy them of with a short term loss to incur a long term gain. Thats just smart business.

All they while this is getting rid of the "Senior" work force who make the most money and usually end up doing the least work. These are also the same people who are grandfatherd under all prior Union agreements.

So heck yeah I agree with this. I hope most of the people they are offering the money to will take it.

Now in reality...anyone with half a brain wouldn't take it. Unless we are about to see a fire sale of plants and their equipment. In which case since the jobs bank is gone your going to be out of work with no money. The smart move for the younger workers would be to take the money and run. Literally. Take the money, move down south (where your not in Detroit) to the Toyota plants and try to get a job there.

LexSucks - 12/15/2010 3:51:40 PM

+1 Boost

They plan on replacing the highly paid "trained" workers with workers who do the same job, but at half the salary. Its the new American way CEOs and shareholders need to put more money in their pockets. They do that by taking money out of the middle class's pockets. The sad part is that most americans are blind to what is happening around them.