GM, UAW iron out another round of buyouts

General Motors likely will face a decision soon: should it hire more workers for its Lordstown complex or make do with a smaller work force?

The decision is coming because of a buyout and retirement program that GM and the United Auto Workers are crafting. A deal could be announced this week, Rick Wagoner, GM chief executive, said at an auto show in Detroit.

GM hopes cash payments and early retirement incentives will lure thousands of workers to leave the company or retire, so that it can replace them with lower-paid workers. A labor contract reached last fall allows GM to bring in new workers at half the pay and lower benefits than current workers.

For more, see Wednesday’s Vindicator and Vindy.com