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GM to cut 10,000 salaried jobs
The pain in the auto industry keeps getting worse. General Motors has just announced that it will cut its global salaried workforce to about 63,000 from 73,000 this year. The remainder of its salaried staff face pay cuts.
In the United States, approximately 3,400 of GM’s 29,500 salaried employees will be cut. The temporary pay cut for most U.S. salaried employees runs May 1 through the end of the year. Executive employees will have their base pay cut by 10 percent, with others seeing cuts of 3 percent to 7 percent.
If you’re among those likely to be affected, tell us about the mood where you work. What severance terms and other assistance is the company expected to offer? How will you cope with reduced income?
(Picture: General Motors employees hold signs and chant before a vehicle reveal during press days at the North American International Auto Show in Detroit, Michigan, January 11, 2009. REUTERS/Rebecca Cook)
How are the unions at fault for GM’s decision to cut SALARIED employees. Companies don’t cut employees that are 100% essential for the operation of business. True, you can’t cut union employees without trying to renegotiate with the whole union. However, I’d be willing to bet that a union worker on an assembly line is more vital in getting a necessary task done than an individual in an office. It’s sad, but cut the fat!
The real problem in in America is that we love American trucks & SUVs & we won’t give smaller American cars a chance. Otherwise, the car companies wouldn’t have taken such a severe hit when gas prices went up to $4.00 per gallon.