GM Offers Employees a Buyout Option to Help Reduce Costs

General Motors has offered its employees a buyout, in order to dig itself out of a growing financial hole. About 35-thousand hourly workers at general motors have taken buyout or early retirement offers, surpassing the company's expectations. GM was hoping to eliminate 30-thousand jobs and close 12 plants. The GM plant in Shreveport is not expected to be affected, but there are reports of employees at the Shreveport plant accepting the buyout. Advisors from Williams Financial experts recently visited the plant to talk with employees about their options. Local union officials had no comment concerning GM'S offer.