FACTBOX-Key elements of GM buyout offers

Newswire

March 22 (Reuters) - General Motors Corp. , former subsidiary and bankrupt auto parts supplier Delphi Corp will offer buyouts to more than 125,000 factory workers, the companies said on Wednesday. The cost-cutting deal with the United Auto Workers union was one of the largest buyout offers ever in U.S. corporate history, according to consulting firm Challenger, Gray & Christmas. GM, which posted a $10.6 billion loss in 2005, plans to cut 30,000 jobs and shut 12 plants in a turnaround ...

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