The company also said about half of the 2,600 hourly workers are eligible for a pension. Retirement benefits include about $3,500 a month, a $20,000 car voucher, and a lump sum payment of about $50,000, GM spokesman David Paterson said earlier this month.
Unifor officials didn’t specifically say how many are eligible to retire but said not all will meet the requirements for $3,500 a month. Some, the union said, will only get $700 a month.
GM’s ongoing restructuring, which includes reducing its North American salaried workforce by 15 percent and closing five plants, will result in cost-savings between $2 billion and $2.5 billion this year, CFO Dhivya Suryadevara said during a media briefing Friday morning.
Plants slated for closure include Lordstown, Ohio; Detroit-Hamtramck, Mich.; Warren, Mich., White Marsh, Mich.; and Oshawa.
In a briefing for reporters before the presentation in New York, Barra said Friday the automaker has 2,700 jobs at other factories for the 3,300 U.S. factory workers slated for layoff. About 1,500 workers have expressed interest in moving to other plants, and 700 already have been placed, she said. Another 1,200 are eligible to retire, she said.