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It is interesting they picked the 12 year mark as other industries were changing their retirement plans 12 years ago as well. Luckily I got in just before the changes, but that also made me a target as well.
Oil and Gas did the same type reductions during $35 bbl prices. Once the volunteers were gone they started with anyone that had low performance ratings and then it got into high quality folks before it was over. Wonder how this will play out with other manufacturers?
IMO environmental constraints have created much of this. Same in oil and gas, but thankful things changed in DC and thousands went back to work. Hopefully some of the CAFE requirements can be backed off and save automotive jobs too.
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