GM, UAW reach deal limiting 'jobs bank' for workers

Newswire

DETROIT, May 24 (Reuters) - General Motors Corp reached a pioneering deal with the United Auto Workers union that will force almost 400 workers out of a "jobs bank" program that guarantees nearly full wages and benefits when the automaker eliminates work or closes factories. Under the deal, about 400 GM workers with specialized jobs in Flint and Lansing, Michigan, will have to accept buyout or early retirement offers or accept other positions with the automaker, GM said on Thursday. GM ...

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