06/23/2008 (7:20 am)
GM: 18,657 took buyouts, retirements
General Motors Corp. says 18,657 of its hourly workers will leave the company by July 1, via buyouts and early retirement offers.
The company previously said about 19,000 would accept the offers. It released final numbers on Thursday.
The number includes 1,259 workers who retired before the offers were made but were told they could take the packages.
GM (GM, Fortune 500) expects to replace some of the workers at a new entry-level wage of about $14 per hour guaranteed cash advance loan. That’s about half the rate of current production workers.
The departures will help GM as it closes four pickup truck and sport utility vehicle plants.
The Detroit company announced earlier this month it would close the plants due to sagging sales of truck-based vehicles.
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