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You are here: Home / News / Janesville GM employees ponder buyout

Janesville GM employees ponder buyout

February 12, 2008 By WRN Contributor

Auto workers at Janesville's General Motors plant will have an important decision to make soon, as they consider a buyout offer from the company.

Still, Unite Auto Workers Local 95 President Mike Sheridan says he wouldn't make a recommendation with a ten foot pole. Sheridan says it will be an individual decision for each family, although the union will work to make sure they have as much information available as possible.

The offer will be broken down by seniority with retirement preference offered to workers with 26 or more years. Nearly 74,000 US workers will qualify for the deal.

Sheridan says the positive side of the buyout offer is that it will make layoffs unlikely. GM is struggling to make up for slumping sales of its automobiles.

WCLO's Stan Stricker contributed to this report.

AUDIO: Andrew Beckett reports (MP3 :54)

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