Corvette Action Center - The ultimate online hub of Corvette news and information!
Supporting Vendors / Dealers - Supporting Membership - Advertising Information - Corvette Amazon Shop

Results 1 to 3 of 3

Thread: GM to offer buyouts to 46,000

  1. #1
    GM to offer buyouts to 46,000 6 Shooter's Avatar
    Join Date
    May 2002
    Missoura Ozarks
    Post Thanks / Like
    Millennium Yellow LS6 enhanced Roadster

    Default GM to offer buyouts to 46,000

    General Motors Corp. CEO Rick Wagoner said Thursday that the company could have to shutter more U.S. factories or eliminate shifts at plants to bring the automaker's production in line with declining demand for cars and trucks in its home market.

    He didn't say how many plants will close or whether GM has decided which facilities to shutter, but said the closures will include powertrain and stamping factories as well as assembly plants. Additionally, Wagoner said the company will offer buyouts to 46,000 of its 72,000 blue collar workers. GM wants to cut costs by about $5 billion by 2011.

    GM will extend buyout offers to its entire U.S. work force next month and usher the workers out in April. GM hasn't announced how many workers it will accept from those who are eligible.


  2. #2
    GM to offer buyouts to 46,000 vett boy's Avatar
    Join Date
    Feb 2005
    NH ,ME,FL,MS
    Post Thanks / Like
    2008 vert 6M silver


    As Kia and Toyota gain market share.

  3. #3
    Join Date
    Nov 2001
    Northern NJ
    Post Thanks / Like


    46 thousand buyouts out of 72,000 workers?

    What if they all take it?

    buyouts must be working.


Similar Threads

  1. It is US against them, a call to arms!
    By 69MyWay in forum C4 Technical and Performance
    Replies: 194
    Last Post: 09-28-10, 12:34 PM
  2. Limited edition 427 ZL-1 big block V8 coming from GM
    By Rob in forum General Automotive Discussion
    Replies: 9
    Last Post: 11-29-07, 04:52 PM
  3. Replies: 0
    Last Post: 10-19-07, 07:57 AM
  4. Replies: 17
    Last Post: 10-09-05, 10:20 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
© CORVETTE is a registered trademark of the General Motors Corporation & Chevrolet Motor Division.  Neither Chevrolet Motor Division nor any subsidiaries of GM© shall bear any responsibility for content, comments, or advertising. is independent from GM© and is not affiliated with, sponsored or supported by GM©.  Copyright/trademark/sales mark infringements are not intended, or implied.  All Rights Reserved