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Article: LEDGER.(Business)
- Article from:
- Albany Times Union (Albany, NY)
- Article date:
- March 12, 2009
CopyrightCOPYRIGHT 2009 Albany Times Union. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Autoworkers reluctant to take latest buyout offers
DETROIT -- Blue-collar workers at General Motors and Chrysler have about two weeks to make a difficult choice: Stay on the job and face layoffs or possible wage and benefit cuts, or take cash to leave, only to risk seeing the money tied up in court if their company files for bankruptcy protection.
The murky government-funded future of the two wounded automakers is making it particularly tough to make a decision about their latest buyout and early retirement offers, and that's hampering the companies' efforts to further pare their work forces.
GM and Chrysler have reached tentative deals with the ...