GM, Chrysler Offering New Retirement, Buyout Packages - FOXBusiness.com
GM and Chrysler are offering early retirement to all UAW workers, and the buyouts are amazing.
Chrysler'* deal: "Chrysler'* early retirement package includes $50,000 cash and a $25,000 voucher to buy a car, while the Auburn Hills-based company'* buyouts include $75,000 cash and a $25,000 car voucher, according to the union memo. The buyout offer is more lucrative, with $115,000 plus a $25,000 car voucher for workers with 10 or more years of seniority at closed plants in St. Louis and Newark, Del."
GM'* deal: "GM'* offers, to nearly all its UAW employees, are less lucrative. The Detroit company is offering $20,000 in cash and a $25,000 car voucher for workers who retire early and those who simply leave the company"
And this is on top of Retirement benifits for those who have accrued them. DAMMMMMMMmmmm!!!!