DETROIT -- General Motors said about 7,500 hourly workers -- or 12 percent of its U.S. factory work force -- accepted the automakers latest buyout offers, bringing the total to more than 60,000 over the past three years
Most will leave the company around April 1. The buyouts are part of GMs attempt to reduce costs while convincing a U.S. auto task force that it merits $16.6 billion in additional federal aid. They will also allow the company to hire any new workers at lower wages.
The Special Attrition Program, along with the many difficult but necessary actions we have taken in recent months, will help ensure the long-term viability and future success of GM, Gary Cowger, group vice president of manufacturing and labor relations, said in a statement.
GMs offer included $20,000 in cash and a $25,000 voucher to buy a new vehicle, spokesman Tony Sapienza said.