Some 7,500 hourly workers at General Motors Corp. elect to take a buyout or early retirement as part of the auto makerâ€™s latest attrition program, an effort aimed at ultimately bringing its U.S. labor costs in line with rival Toyota Motor Corp. â€śThis may be the last lucrative buyout program, but it behooves them to get to the (second-tier) wage,â€ť says Aaron Bragman, an analyst at IHS Global Insight in Troy, MI. GM negotiated a 2-tier pay scale for its blue-collar workforce in a 2007 ...
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