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More details on retirement buyouts for UAW’s GM workers | News [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 …

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