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Buyouts may fall short; GM layoffs looming

Nov 20, 2018 - Detroit Free Press

"They said they may start the process in mid-January for involuntary releases."

A former senior-level GM manager, who spoke with several employees who attended the meetings

General Motors hoped at least 7,000 white-collar workers would sign up by noon Monday for a buyout offer, but managers told employees last week that it was likely to fall short, raising the prospect of significant layoffs.

The number volunteering for the offer is likely be closer to 4,000 based on estimates ...