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As part of an already-announced move designed to slim down U.S. non-union employees 15% to 23,500, GM plans to eliminate 4,000 U.S. salaried employees via buyouts and retirement incentives by October 1st. [Bloomberg] More »
]]> http://jalopnik.com/index.php?op=postcommentfeed&postId=5302137&view=rss&microfeed=true A moment of silence for 1,600 souls leaving GM. So say we all. [Bloomberg] More »
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The Wall Street Journal is reporting GM plans to remove another 5,000 salaried workers from payrolls by November as part of its re-restructuring announced earlier this month. The cuts would amount to about 15% of GM's North American white-collar staff, continuing what has become a 40% salaried headcount reduction since 2000. News of the job losses comes as GM is preparing analysts and the media to expect a large second-quarter loss when the company reports earnings tomorrow. Rather than layoffs, GM hopes to encourage staffers to leave with early retirement packages and cash incentives. Hey, it works for the cars, so why not try it on the employees? [WSJ (sub. req.)] More »
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The times, they are a changin', and this week GM Chairman and Chieftain Rick Wagoner seems to have noticed. Wagoner announced a "strategic review of our Hummer brand," yesterday. Translation: "Anyone want to buy Hummer? Anyone? C'mon...cheap! Cerberus, I'm lookin' at you." Also included in the statement was news that four truck plants will be making the ultimate sacrifice: Moraine, Ohio; Janesville, Wisconsin; Toluca, Mexico; and Oshawa, Ontario. More »
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