With the latest buyouts coming from GM, I know I personally never thought about the employees at the Corvette plant actually looking forward to the offers. I just assumed they wouldn’t be interested in what GM wanted. I was wrong. I enjoy hearing the perspective of people who make the car we love. Hear what these decisions from GM mean to them. I was enlightened by Robert Schoenberger’s interesting article in The Courier-Journal titled “Corvette plant workers eye buyouts” The Louisville Kentucky paper is a great resource and media outlet close to Bowling Green, KY (home of the Corvette plant). Schoenberger had a great quote in,
“There have been rumors about this for a while, and a lot of people are looking forward to this,” Eldon Renaud, president of the 1,000-member United Auto Workers Local 2164 in Bowling Green, said of yesterday’s announcement by GM.
He goes on to say,
About 113,000 GM employees with 10 or more years of seniority will have the option of a one-time $140,000 buyout. Employees with less than 10 years will have the option of a one-time $70,000 buyout.
In either case, accepting the payment severs all ties to GM and Delphi, including health-care and other post-retirement benefits. Employees will keep their accrued pension benefits.
What do you think about the buyout offers? If you were in the worker’s position would you consider the GM offer? Let us know here at CorvetteBlog.