General Motors Corp. said late Monday June 26, that about 35,000 hourly workers have accepted its buyout and early retirement offers, giving the troubled automaker a major victory in its effort to restructure operations outside of the bankruptcy court.
The buyouts, which include about 33,800 United Auto Workers employees and 1,200 from other unions, come as GM attempts to streamline operations and reverse annual losses that hit $10 billion in 2005.
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