GM to announce early retirement deal-sources

Newswire

DETROIT, March 22 (Reuters) - General Motors Corp. will announce on Wednesday an early retirement deal with the United Auto Workers union, people familiar with the talks said. The deal will include payouts starting at $35,000, one source close to the negotiations said. The deal will also allow many workers at Delphi Corp. , GM's bankrupt former subsidiary, to return to GM, the source said. The deal would accelerate GM's plan to cut 30,000 jobs in North America by 2008, part of a broader ...

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