GM, UAW Reach Agreement on First Phase of Comprehensive Special Attrition Program

- Program Initially Offered to all Service and Parts Facilities and Five Other Locations
- Details Still Being Finalized for Assembly, Stamping, Powertrain and Engineering Facilities

2007-12-18, DETROIT – General Motors Corp. (NYSE: GM) and the United Auto Workers (UAW) union have reached an agreement on the first phase of a comprehensive special attrition program. The agreement is a key step in the implementation of the 2007 GM-UAW national contract.

In the first phase, the attrition program will be offered to all UAW-represented hourly employees working at GM’s Service Parts and Operations (SPO) facilities across the country. The program also will be offered to hourly employees at GM’s Pittsburgh, Pa. metal stamping plant, Massena, N.Y. casting plant and to all hourly employees currently assigned to JOBS Banks in Oklahoma City, Okla., Linden, N.J. and Rancho Cucamonga, Calif.

Special attrition program details for UAW-represented hourly employees who work in GM’s assembly, stamping, powertrain and engineering facilities will follow in early 2008.

“We continue to work closely with our UAW partners to improve our competitiveness in the currently challenging U.S. market conditions, while also investing in future products and technologies critical to support our leadership in fuel economy,” said Rick Wagoner, GM Chairman and CEO. “This first phase of a comprehensive attrition program, designed in conformance with the 2007 UAW national labor agreement, provides our employees with attractive options to consider.”

The attrition program will include a combination of early retirement incentives and other considerations similar to the special attrition program that GM, the UAW and Delphi implemented in 2006. Specific program details will be rolled out to affected employees beginning in January 2008.

General Motors Corp. (NYSE: GM), the world’s largest automaker, has been the annual global industry sales leader for 76 years. Founded in 1908, GM today employs about 280,000 people around the world. With global headquarters in Detroit, GM manufactures its cars and trucks in 33 countries. In 2006, nearly 9.1 million GM cars and trucks were sold globally under the following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, HUMMER, Opel, Pontiac, Saab, Saturn and Vauxhall. GM’s OnStar subsidiary is the industry leader in vehicle safety, security and information services. More information on GM can be found at www.gm.com.

Source: GM

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