Thursday, February 05, 2009

GM, Chrysler offer to buyout nearly 100% of hourly workers

General Motors is offering buyouts to virtually all of its remaining hourly workers. Chrysler made a similar offer to its hourly workers. Chrysler's package includes $50k cash & a $25k voucher to buy a car. I guess demand for autos is so low that the auto companies now have to build cars to give them away for free in order to get workers to leave.

read more | digg story

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