GM to offer new round of buyouts to hourly workers
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General Motors Corp  said on Tuesday it has reached an agreement with the United Auto Workers union to offer a new round of buyouts to its U.S. hourly workers.
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General Motors Corp  would give new union members 401(k)-style retirement plans instead of traditional pensions for the first time under a proposed United Auto Workers contract, Bloomberg News said on its Web site, citing people with knowledge of the talks.
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General Motors Corp., coming off a disappointing November sales period and battling to regain US market share, will launch a new promotion Friday that includes cash bonuses on many new models in addition to incentives already available.
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The United Auto Workers union set a Monday morning deadline for reaching a contract deal with General Motors Corp and threatened to send 73,000 GM factory workers on strike if no deal is reached.
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Ford Motor Co.  on Wednesday said  about 38,000 of its union workers have accepted its buyout  offers, part of a broad restructuring effort at the  second-largest U.S. automaker.
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FRANKFURT, Germany  - General Motors Corp.'s German division announced a deal Thursday that will allow the struggling automaker to cut thousands of jobs while avoiding forced layoffs and offering large incentives for employees to leave.
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The U.A.W. agreed on a program to offer buyouts of up to $140,000 each to all of FordÂs hourly workers in the U.S.
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General Motors Corp. GM.N, the  world's biggest automaker, will keep shrinking its U.S. work  force this year, offering buyout packages to more salaried  employees to offset rising costs, executives said on Monday.
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General Motors Corp. , coming off two straight months of disappointing sales, told dealers on Tuesday it will launch new U.S. sales incentives later this week.
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General Motors Corp. and employee delegates held new talks Thursday on how to cut costs at GM's German plants after workers at its Bochum facility ended a six-day walkout aimed at stopping threatened job cuts.
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Ford Motor Co.  and the United  Auto Workers union are planning to offer buyouts to all the  company's U.S. workers, the Wall Street Journal reported on its  website on Thursday.
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Negotiations for a new labor contract  between General Motors Corp  and the United Auto Workers  union resumed on Friday morning as the No. 1 U.S. automaker  heads toward a midnight deadline to either clinch a deal or  face a possible strike.
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General Motors Corp  will step up consolidation of dealerships handling its three luxury brands in a bid to shore up profitability, the automaker's chief executive said on Saturday.
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Labor, automaker negotiate sweeping layoffs, focus on severance pay, provisions for fired workers.
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General Motors Corp  would give  new union members 401(k)-style retirement plans instead of  traditional pensions for the first time under a proposed United  Auto Workers contract, Bloomberg News said on its Web site,  citing people with knowledge of the talks.
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General Motors Corp. offered German workers generous buyouts Thursday to pave the way for up to 12,000 job cuts in Europe, where the world&#39;s largest automaker is struggling to end years of losses amid fierce competition and weak demand.
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Ford Motor Co  and the United Auto  Workers union have agreed on the broad terms of a new round of  buyouts that would slash thousands of jobs under the terms of a  new contract, people familiar with the ongoing talks said.