Tuesday, February 12, 2008

GM offers workers buyouts (Reuters)



Cars are lined up for sale outside a GM dealership in a file photo. GM on Tuesday 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. hourly workers represented by the United Auto Workers. (Rick Wilking/Reuters)Reuters - General Motors Corp said on
Tuesday it would offer buyouts or early retirement to all of
its U.S. hourly union workers, and expects the lackluster North
American market to rebound in the second half of 2008.




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