GM workers take retirement deal
More than 33,000 factory workers have accepted early retirement packages at struggling car giant General Motors and its bankrupt parts supplier Delphi. The United Auto Workers Union said 25,000 GM and 8,500 Delphi staff had signed up for the deals, ranging from $35,000 to $140,000. GM wants to close 12 plants and cut 30,000 jobs, while Delphi is seeking to shut 21 of its 29 manufacturing sites.
See "GM workers take retirement deal", BBC News, BBC News Online, June 15, 2006