GM employees are 'strongly encouraged' to consider its voluntary separation program | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 95%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

General Motors said in January it would save $2 billion without planning any layoffs. But on Thursday it said it was looking for workers to leave voluntarily.

In a regulatory filing, the automaker said it was looking to save costs through attrition and a voluntary separation program in which eligible employees would get a lump sum payment and other severance based on how long they worked at the company. The buyouts would cost the company $1.5 billion before taxes this year.

The company recently reported a record annual profit for 2022 and also announced plans to reduce costs by $2 billion over the next two years, including cutting corporate overhead across the board. But at that time CEO Mary Barra told investors, “I do want to be clear, though, we’re not planning layoffs. We are limiting our hiring to only the most strategically important roles and will use attrition to help manage overall head count.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

How much do Tesla workers make in China ? What if Tesla vechiles made in China are sold in the USA ?

Lmfao Bidens job creation strikes again

Good thing all the democrats are for the unions,working class. Tossed out like yesterday's trash

Sure… i’ll just wake up one morning and say “Heck with the pension and benefits”. Yep, that’s what i will do. Nope, How about we shave off the top and ask the leadership to set the example and be the first wave to quit. Yeah, that’s the best option.

' ' Yet Biden says the economy is doing so well Sad thing is we are still not paying for Bidens (and Handlers) wants. But we will shortly! And Joey wants to spend another $7 Trillion! We told you NOT vote for senile Joey, you did! We told U not to vote for Fetterman, you did!

Διαφορετικές λέξεις που καταλήγουν στον ίδιο δρόμο. Έξω.

But Biden said the economy was doing great!

What’s better than saving $2 billion for shareholders? $2 billion and the additional worker salary they can add on. Anything to make the rich richer.

Don’t quit, make them fire you, so you can collect unemployment

This isn't anything new for G.M. They've been offering early retirement and buyouts since the beginning of the 2000s

keystonebankng I transferred using POS on the 11/02/2023 around 11:00Am and the transaction has been declined twice in which the sum of 14,000 and 13,500 was debited twice making 27,500. I contacted your desk officers all avail Acct number: 6019083131 Acct name: Ya'u Yahaya.

okonkwo_odera imagine this

want to see me without a bra?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines