Out With The Old, In With The Cheap: 18,657 GM Employees Take Buyouts

General Motors reported Thursday that 18,657 U.S. hourly workers — almost a quarter of its blue-collar employees — have taken buyout offers originally offered in February. By clearing out more expensive experienced workers, GM can fill the vacancies with less-expensive, lower-paid employees thanks to a deal negotiated… »6/20/08 11:20am6/20/08 11:20am