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

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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.

 

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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

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