Archive: july 30, 2008

GM to cut 5,000 salaried workers

GM to cut 5,000 salaried workers Filed under: Hirings/Firings/Layoffs, GM
General Motors is looking to reduce its salaried (read: non-unionized) workforce by 5,000 employees by the end of the year, leaving the beleaguered automaker with 27,000 white-collar jobs in total. This 15% head-count reduction is part of an ongoing effort to trim costs as the automaker continues to hemorrhage cash.Also on the docket are early retirement plans offered to a select group of workers close to retirement age, while employees who choose to stay won't be getting raises until 2010 at the earliest. If GM reaches its reduction goals, the automaker...

View full article at "Autoblog"


Tags: GM, General Motors, GeneralMotors, GmLayoffs, Layoffs, buyout, gm layoffs



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