Full Story...NEW YORK — General Motors Corp. will offer buyouts to all of its hourly employees, a spokesman confirmed Tuesday, as the troubled automaker continues to slash costs.
GM spokesman Tony Sapienza said the buyouts will mainly target GM's 22,000 retirement-eligible hourly employees, though any union employee can take the offer.
Am I reading this right? Apparently workers for GM will be given 25k car voucher AND 20K in cash to leave? Soooo They pretty much get a FREE car?