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GM Lets Salaried Workers Buy Vacation

Salaried workers at General Motors Corp. can buy up to five extra vacation days this year for $175 a day, a plan the No. 1 automaker says is designed to save millions of dollars and boost morale.

GM also let white-collar employees buy extra vacation last year. Part-time employees may purchase up to three days. The company would save $34.4 million if every eligible worker took full advantage.

"It's a cost savings for us," GM spokesman Kerry Christopher told The Detroit News for a story Thursday. "But offering more vacation days is something employees really appreciate."

Last year, 27,500 employees, or 68 percent of GM's 40,529 salaried U.S. workers, bought an additional five days of vacation, Christopher said. They were charged their daily pay rate, which in many cases was more than $175.