DETROIT Nearly 48,000 union workers at General Motors and a former division, Delphi, have accepted early retirement or buyout offers, the companies said.

At GM, about 35,000 workers will leave by the end of the year, the automaker said Monday.

The number, representing nearly a third of GM’s 113,000 hourly workers, is significantly higher than the company had expected. As a result, GM, which intends to close 12 plants by 2008 to pare costs and become more competitive, will reach its goal of eliminating 30,000 jobs two years ahead of schedule, the chief executive, Rick Wagoner, said.
iht.com

Great. Congrats.

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