GM offers buyouts to ‘majority’ of U.S. salaried workers

[searcher]

GM offers buyouts to ‘majority’ of U.S. salaried workers​

• General Motors will offer voluntary buyouts to a “majority” of its U.S. white-collar employees, according to a letter sent to workers Thursday from CEO Mary Barra.
• GM expects to take a pretax charge of up to $1.5 billion related to the buyouts, according to a public filing Thursday by the company.
• It comes after the Detroit automaker said last week it would terminate about 500 salaried positions globally.

GM offers buyouts to 'majority' of U.S. salaried workers

GM expects to take a pretax charge of up to $1.5 billion related to the buyouts, according to a public filing Thursday by the company.

www.cnbc.com

 

[pmbug]

Executives getting paid!

 

[Casey Jones]

The auto industry is about to collapse.

Get Woke, go broke. Focus all your energies on pleasing a NON-customer entity - government, controlled by demented idiots who have fantasies of a battery world - focus on THAT kook fantasy, and their regulatory demands, and your overpriced real-world products stop selling.

 

[Joe King]

The auto industry is about to collapse.

If so, it wouldn't be as though it's not deserved.

 

[Goldhedge]

The auto industry is about to collapse.

For the second time.... will they be bailed out again?

 

[Joe King]

For the second time.... will they be bailed out again?

If so, the ccp should be the ones to do so. GM loves China.

 

[Casey Jones]

For the second time.... will they be bailed out again?

I dunno.

Is there a limit to how much CTRL+PRNT they can throw at the problems they make?

History says, yes.

 

[nickndfl]

GM hasn't made a decent car since the 1973 Chevelle.

 

[Casey Jones]

GM hasn't made a decent car since the 1973 Chevelle.

Since the 1977 Chevrolet full-size.

Those were actually excellent cars. Interestingly, they were the same general size and weight as the 1955 (new design) Chevrolet models. Obviously, far different styling; but design and operating parameters were the same.

And both were great successes. Which were diluted with later years' changes, and finally discarded for poorer products.

 

[MrLucky]

Like this? 1973. Manufactured 1972. Delivered Oct 1972. Original owner.