Breaking! 37,000 Workers Take GM, Delphi Buyout Offer

From Reuters:

About 37,000 hourly workers have accepted buyout offers by General Motors Corp. and Delphi Corp., potentially giving the automaker greater cuts than expected, a newspaper said on Friday.

About 28,000 GM workers, or almost one-quarter of the work force at automaker [Jeez, who's copyediting over there, the late Herv Villechaize? — ed.] that are represented by the United Auto Workers union, had taken the offer as of late Thursday, UAW officials said, according to The Wall Street Journal.

The offer ends on Friday.

About 9,000 workers at Delphi, a former GM parts unit that has filed for bankruptcy, have taken the offer.

More to come.

About 37,000 workers accept GM, Delphi buyouts-WSJ [Reuters]

Related:
Breaking! Delphi And GM Jointly Offer Buyout Agreement To Unions [internal]