GM buyout offers falls short of goal, layoffs loom

By: Associated Press Email
By: Associated Press Email
General Motors Corp. says about 6,000 blue-collar workers have taken the latest round of early retirement and buyout offers.

FILE - In this Dec. 12, 2008 file photo, the General Motors logo is seen outside the GM headquarters in downtown Detroit. General Motors Corp. has agreed to take on responsibility for future product liability claims, according to documents filed in federal bankruptcy court in New York on Friday June 26, 2009. The new company will now assume responsibility for future claims involving vehicles made by the old company. (AP Photo/Carlos Osorio, File)

Detroit (AP) - General Motors Corp. says about 6,000 blue-collar workers have taken the latest round of early retirement and buyout offers. But that is apparently not enough to prevent thousands of layoffs.

GM now has about 54,000 factory workers and wants to end the year with 40,500, a cut of about 13,500. That means the offers fell about 7,500 short of the company's goal.

The automaker announced in June that it would close 15 factories employing 22,000 workers by the end of 2012.

Spokeswoman Sherrie Childers-Arb says the number of layoffs has yet to be determined because some workers at closed plants could take open jobs at other factories.

One of the closed factories in Michigan will be reopened to make a new subcompact car.

GM emerged from bankruptcy protection on July 10.
(COPYRIGHT 2009 BY THE ASSOCIATED PRESS. ALL RIGHTS RESERVED.)


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