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GM offers buyouts to all UAW members - Feb. 12, 2008


NEW YORK (CNNMoney.com) -- In an effort to shave ongoing losses, General Motors offered lucrative buyouts Tuesday to 74,000 employees - its entire U.S. hourly workforce.

The nation's largest automaker announced the latest round of buyouts as it reported another loss on its core auto operations in the fourth quarter, which combined with charges taken earlier in the year left GM (GM, Fortune 500) with a company-record $38.7 billion net loss for 2007
 

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Yeah, I heard that on CNN as well. They blead (if that's a word) the worst in history of any auto maker last year.

Bernie
 
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