While General Motors is expected to grow its market share and profit margins in the U.S. market, the company is also looking to subtract from the number of skilled-trades workers it employs in many of its plants across the country. It will do so by offering a new round of buyouts in select locations, though the terms are not yet known. Though as a reference, GM did offer up to $75,000 in late 2011 to roughly 4,000 skilled trade workers.
According to the Center for Automotive Research in a Detroit Free Press report, GM skilled workers in the UAW, such as an electrician or millwright, make an average of $32 an hour. If the new round of buyouts are anything like the 2011 round, the automaker could save around $57,000 a year for every skilled-trades worker that opts to take the buyout offer and is replaced by an entry-level assembly line worker.