Wednesday, February 04, 2009

GM Bailout offer Draws Lukewarm Response
-You leave with 20 Thousand and a Car

On Monday, I blogged about Chrysler's bailout offer. At that time, I wasn't aware, but GM had a new offer on the table as well. GM is offering 22,000 of its hourly workers $20,000 and a $25,000 car voucher to leave the company. No word on who gets to keep what benefits. Presumably, 30 year workers would get full retirement. According to, at least at one plant, the offer did not make a favorable first impression. Thanks to Wilma T. for the link.

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