GM, Delphi buyouts to be offered immediately - UAW

Newswire

DETROIT, March 22 (Reuters) - The United Auto Workers union said on Wednesday that the early retirement buyouts at General Motors Corp. and bankrupt parts maker Delphi Corp. will be offered immediately. According to the agreement reached with GM, hourly workers represented by UAW with 10 or more years of seniority can take a one-time payment of $140,000 to sever all ties to the company, including health-care and other benefits. Accrued pension benefits will not be impacted, UAW said. GM ...

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