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General Motors is laying out its plan to extract $2 billion in cost savings, and it seems reductions in its labor force will be a big part of it. ... for 500 salaried employees, less than 1% of GM ...
The Detroit Free Press has learned more details on when GM and the UAW will start the first phase of the $50,000 retirement buyout program. ... General Motors hourly workers — who've been ...
For retirees, GM has agreed to make five payments of $500 to current retirees and surviving spouses, the first such payments in over 15 years. Like the other two, the GM deal includes a right to ...
In a memo obtained by the Detroit Free Press, GM's salaried workforce to get base wage increases, added contributions to 401(k) plans and other perks.
The 2007 General Motors Strike was a labor union strike that lasted three days from September 23 to September 25, 2007, organized by the United Auto Workers (UAW) union. The UAW were engaged in talks with General Motors (GM) to negotiate a new labor contract but were unable to come to an agreement before the deadline. Consequently, 73,000 ...
GM salaried employees have until noon March 24 to decide if they want to accept a buyout offer of up to 12 months pay for long-term employees. ... who meet the normal or early retirement ...
By Jeff Karoub DETROIT -- General Motors Co. plans to freeze its U.S. pension plan for longtime white-collar workers and give all salaried employees annual bonuses but not pay raises in an effort ...
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