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Layoffs

GM reduces white-collars by 15%

October 24, 2008

GM LogoGeneral Motors employees are jumping at the opportunity to take contract buyouts rather than get sacked. So far, the company has exceeded its goal of cutting salaried employees by 5,000. As the icing on the cake, they’re also cutting some employee benefits — we’re not sure which ones. Anyone have the info on this? spread the love.

[Detroit News] GM to cut salaried jobs, reduce benefits

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Posted in Layoffs by Jacopo Kane
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Starring: GM
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  • People magazine internal memo asking for buyouts
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Discussion

  1. October 24 at 11:06 am
    j00:

    another friday, more bad news from general motors

  2. October 24 at 4:53 pm
    GM Realist:

    GM is never going to get ahead of the ball when they have their pension plans building up and up….

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