February 12, 2012

 

7500 GM workers to leave by April

US carmaker General Motors has said 7,500 union workers have accepted its offer of incentives to leave the firm.

All of the hourly members of the United Auto Workers union working for GM have been offered a voucher for a new car and $20,000 in cash to leave.

GM, which has received at least $13bn (£9bn) in US government loans, is trying to cut its workforce to match lower car sales as the recession bites.

GM shares closed 14% higher in New York following the announcement.

Most of the workers will leave by April, the carmaker said.

Source: BBC News

Speak Your Mind

*