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GM provides more details on the retirement buyouts for UAW workers | Local [Video]

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Personal Finance

There may be more phases of SAP retirements than the three initially mentioned. And the first only allows up to 2% of a plant’s workforce to retire.

FLINT, Mich. (WJRT)- How long until retirement? That’s what many Mid-Michigan autoworkers are still wondering.

This after the long-awaited buyouts for retiring GM workers, called the Special Attrition Plan, was revealed last week.

Flint’s senior GM workers have been waiting patiently after filling out a retirement survey in January.

On Wednesday, the UAW revealed the first phase, in which a 2% maximum of a plant’s workforce would be able to retire.

“Approximately 900 UAW members across all of GM will be eligible to retire immediately,” said Vice President Mike Booth in a video to members.

In Flint, some workers have told ABC12 phase 1 will include 70-some workers and trades in total.

While that sounds like a small number, it’s just the first …

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