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GM Offers Buyouts to 113,000 Unionized Workers

HeadlineMar 23, 2006

In labor news, cut backs in the auto industry are continuing. General Motors has announced plans to offer early retirement buyouts to all of its 113,000 unionized workers here in the United States. The plan–which has the backing of the United Auto Workers–will also affect workers at the auto supplier Delphi. General Motors is trying to eliminate 30,000 hourly jobs by 2008.

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