Tuesday, March 21, 2006

Bloomberg.com: Top Worldwide

How about $35,000 to retire to Full Pension?
GM & Delphi Expected to offer Retirement Incentives to 70,000 Workers


Though no final information has been released, the core of the GM/Delphi/UAW agreement is shaping up to be cash offers in the neighborhood of $35,000 directed at current workers who are eligible to retire. To get the money, the workers would have to agree to retire early. The goal is to open up slots in the active workforce for workers currently in the job bank and who will be laid off from Delphi.

This article does not address hourly subsidies to Delphi-UAW workers to continue at Delphi under a (much) reduced wage scale.

Bloomberg.com: Top Worldwide

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