GM, UAW buyout deal expected on Wednesday - report

Newswire

CHICAGO, March 22 (Reuters) - An agreement between General Motors Corp. and the United Auto Workers that would give some blue-collar workers payouts of up to $100,000 to retire early will be announced on Wednesday, the Detroit Free Press reported. The newspaper quoted unnamed sources close to the negotiations as saying that the payouts would start at $35,000. Negotiations involving GM, its bankrupt former subsidiary Delphi Corp. and the union had made progress since the weekend, people ...

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