From: Alejandro Valle Baeza (valle@SERVIDOR.UNAM.MX)
Date: Mon Jun 26 2006 - 21:06:54 EDT
GM: 35,000 Hourly Workers Taking Buyouts By TOM KRISHER DETROIT (AP) - About 35,000 hourly workers at General Motors Corp. have taken buyout or early retirement offers, surpassing the company's expectations as it tries to cut costs by paring its hourly work force, GM Chairman and CEO Rick Wagoner said Monday. The job cuts will help GM's long-term turnaround plan as it cuts production capacity to match its current sales and market share. GM previously announced plans to cut its 113,000-person U.S. hourly work force by 30,000, closing 12 plants by 2008. GM said it now expects to reach its job reduction target by Jan. 1, 2007, about two years ahead of schedule. ``Over the past several months, we have accomplished a great deal in our strategy to reshape GM into a company that is more nimble, more global and built for long-term success,'' Wagoner said in a statement. 06/26/06 17:23 © Copyright The Associated Press. All rights reserved. The information contained In this news report may not be published, broadcast or otherwise distributed without the prior written authority of The Associated Press. -- Posgrado Facultad de Economía Av. Universidad 3000 Circuito interior México 04510, DF México Tel. 55-56222148 fax 55-56222158 Página web: http://usuarios.lycos.es/vallebaeza
This archive was generated by hypermail 2.1.5 : Fri Jun 30 2006 - 00:00:03 EDT