General Motors Says 5,000 Employees Took Buyouts, Avoiding Layoffs

General Motors Says 5,000 Employees Took Buyouts, Avoiding Layoffs
The General Motors logo is displayed outside the General Motors Detroit-Hamtramck Assembly plant, in Hamtramck, Michigan, on Jan. 27, 2020. Paul Sancya/AP Photo
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General Motors (GM) announced on April 4 that about 5,000 salaried workers had accepted the company’s buyout offers, which the automaker says is enough to avoid layoffs at this time.

The offers will save about $1 billion annually in costs, according to GM.