GM Set to Shed More Jobs in Buyouts

Illustration for article titled GM Set to Shed More Jobs in Buyouts

Now that the parties and fun of the Detroit Auto Show are over, GM has decided to get back to business. If you haven't heard by now, GM is planning on offering buyouts to an additional 46,000 hourly workers under the terms of the newly negotiated UAW contract. When successfully implemented, this move to push out high wage members in favor of a lower wage, younger workforce will save a planned $5 billion annually by 2010. Apparently that means they've completed their turn around plan as well, so we're assuming the sales figures to be released Wednesday confirming Toyota has taken GM's global sales leader status away won't be that big a deal. [via Financial Times]

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DISCUSSION

Toyota builds the Corolla-Matrix in Ontario ,Canada the build quality is so exceptional that the first Lexus vehicles built outside Japan were also produced along side the Toyotas. Oh yes. health benefits for workers are covered under Medicare. Toyota always treat their workers fairly and pay them well.

In the US, The General spends 1200-1500 per vehicle on worker and extended family benefits. Sooo Maximum Lutz may be in the process of shedding jobs and shuttering GM plants with a view to producing outside the US borders; Asia, Mexico, Europe, Brazil and Canada.

Crazy like a fox?