Seeing that the auto industry isn’t showing any sign of improvement, nearly 7,500 workers have opted to grab early retirement options, leaving the big three auto companies (Chrysler, General Motors and Ford), in a move that seems to be better for their end.
Since 2006 General Motors Corporation (GM) (Detroit, Michigan) has made early retirement and buyout offers to its workers three times, with more than 60,000 employees accepting. Ford Motor Company (Dearborn, Michigan) and Chrysler LLC (Auburn Hills, Michigan) have also made similar offers during this time period.
During the latest round of buyout and early retirement offers at GM however, the majority of the employees who have accepted, 7,500 to be exact, will take early retirement rather than the buyout.
(Source) Industrial Info
Tags: buyout, Chrysler, Company, Detroit, Ford, General, Michigan, retirement