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Last updated 5:23AM ET
February 27, 2021
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GM Buyouts
(2008-06-18)
(wgvu) - DAYTON, Ohio (AP) - A labor union leader says 786 of the 2,348
hourly workers at the General Motors' sport-utility plant in the
Dayton suburb of Moraine slated to close by 2010 have accepted
buyouts or early retirement offers from the automaker.
Gaylen Turner, president of International Union of Electronic
Workers-Communication Workers of America Local 798, said Wednesday
most of the workers will leave GM's payroll by July 1.
GM hourly workers were given the option in March of taking an
early retirement or buyout offer as part of a cost-cutting move.
The deadline for making a final decision was Tuesday.
GM said earlier this month that it plans to close the Moraine
plant because of surging gas prices that are forcing consumers to
switch to smaller vehicles.
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