GM offers early retirement packages to 9,000 salaried U.S. workers

posted on September 1st, 2008 by Kleo in GM, Advanced Auto NEWS

GM news
General Motors is planning to trim several billion from the expenditures side of the ledger in the coming years, which means further job cuts are inevitable. However, this time GM is sparing its hourly workers from the guillotine and is instead focusing on salaried workers.

According to the Detroit Free Press, GM has extended early retirement packages to 9,000 employees – nearly 30 percent of GM’s U.S. workforce.

In all, GM hopes to cut its U.S. and Canadian workforce by 15 percent, or roughly 4,900 employees. However, GM has yet to offer early retirement options to its Canadian workers.

GM failed to give details on the retirement packages, but did say the cuts were a direct result of the dramatic shift away from profitable trucks and SUVs to smaller offerings.

U.S. workers will have 45 days to consider the offer, plus a 7-day grace period.
source:leftlanenews.com

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