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The Detroit Free Press has learned more details on when GM and the UAW will start the first phase of the $50,000 retirement buyout program.
The UAW says about 7,800 GM hourly workers are eligible for retirement at the moment. At Toledo Propulsion there are about 1,350 hourly employees and about 200 of them want to retire now, but UAW ...
For retirees, GM has agreed to make five payments of $500 to current retirees and surviving spouses, the first such payments in over 15 years. Like the other two, the GM deal includes a right to ...
The last vehicle produced at the plant, a white Chevrolet TrailBlazer EXT, rolled out on February 20, 2006. The Oklahoma City Assembly plant was the first of 12 GM manufacturing plants that GM planned to permanently close by 2008, to match production with market demand. An estimated 521,400 GMT360 trucks were built at the Oklahoma City Assembly ...
The 2007 General Motors Strike was a labor union strike that lasted three days from September 23 to September 25, 2007, organized by the United Auto Workers (UAW) union. The UAW were engaged in talks with General Motors (GM) to negotiate a new labor contract but were unable to come to an agreement before the deadline. Consequently, 73,000 ...
GM salaried employees have until noon March 24 to decide if they want to accept a buyout offer of up to 12 months pay for long-term employees. File photo: The Renaissance Center, the headquarters ...
On February 18, 2009, General Motors and Chrysler again approached the U.S. government, in regard to obtaining a second bridging loan of $21.6 billion (£15.2 billion). $16.6 billion of this would go to General Motors, while Chrysler would take $5 billion. General Motors agreed to shed 47,000 jobs, close five plants, and axe 12 car models.
The affected employees will receive a payment equivalent to their wages and benefits as if they were employed through Jan. 14, 2025.” WARN requires a 60-day notice before a mass layoff or plant ...