But, but...the bailout! The porkulus bill! Cash for cars! This wasn't supposed to happen!!
DETROIT – About 6,000 General Motors Co. blue-collar workers have taken the latest round of early retirement and buyout offers, but it fell short of the company's goal, meaning more layoffs are likely.
GM has about 54,000 factory workers and wants to end the year with 40,500, a cut of about 13,500.
GM buyout offers falls short of goal, layoffs loom - Yahoo! News