DETROIT (AP) -- A United Auto Workers official says General Motors Corp. will try to reduce its factory work force by offering early retirement and buyout packages all U.S. hourly workers represented by the union.
The official says the offers of $20,000 in cash and a $25,000 voucher to buy a vehicle were made in an e-mail message to local union officials Monday. The official did not want to be identified because not all workers have been notified.
The offer comes just a few days after Chrysler LLC made similar but more lucrative offers to most of its U.S. hourly workers. Chrysler is offering up to $75,000 in cash and $25,000 to buy a vehicle to workers if they leave the company without retiring. The incentive for early retirement is $50,000 cash and a $25,000 voucher.
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