California Autos Examiner

Wednesday, March 22, 2006

Psst Buddy, Wanna Retire?

GM, Delphi and the UAW has reached an agreement on a "special hourly attrition plan" to allow Delphi employees to put on the old team's jersey and retire as GM workers. You can read the full details by clicking here. Nobody is out of the woods yet. The UAW and Delphi still have a lot of talking to do about their future. GM still has the issue the jobs bank that is breaking its bank account. However, any agreement amongst the three involved parties has to be seen as positive.

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