More than 20,000 GM workers take buyout

Over 20,000 General Motors Corp.  unionized factory workers have accepted early retirement and buyout offers, a tally expected to rise toward 30,000 by a June deadline, a GM executive and a union official said Tuesday.

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“The feedback is very positive,” said John Buttermore, GM vice-president for powertrain manufacturing, who was at the company’s Ypsilanti. Michigan, transmission plant to announce a new investment program.

The number of workers represented by the United Auto Workers union who accept GM buyouts has been closely watched in recent weeks as an indicator of the success of the automaker’s turnaround and cost-cutting efforts.

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Buttermore said that the total number of early retirement and buyout offers accepted was more than 20,000 workers.

Jim Mull, a UAW shop chairman at the Ypsilanti plant, said he had been told by union leadership that the tally was more than 22,000 as of last week and GM expected to get 30,000 acceptances by a late June deadline for the program.