Do you think there may be small/medium/large General Motors Layoffs 2020? Any news or rumors?
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The CAP doesn't protect GM from law suits post-layoff. Signing the Severance Agreement and/or Release is what protects GM (or any other company that lays off). These severance releases are pretty much bullet proof. Companies have spent big bucks to make these airtight. If you want or need the severance money and benefits, you'll sign. Once you do, there are very few attorneys willing to take on your complaint. Basically, a judge will not allow the case to be filed as there is a signed severance document that states that you will not file or take steps against the employer and in exchange for that promise you accept the severance wages and benefits for X number of months. Sorry to say but there isn't much wiggle room here.
If you think you have a case, don't sign the agreement. See an Employment attorney ASAP. Depending upon how many days you have to sign and return the Sev doc, you may be able to meet with an attorney to see if you have a case prior to the Sev agreement expiring.
FCA has been using a CAP like system to get rid of employees for years.
i have heard rumors that the CAPs will be used to drive decisions for who gets laid off in Q1 2020. Apparently Legal believes this can defend employee lawsuits for age/minority discrimination.
Looks like 1,000 at hamtramik just was announced.
Well..... this showed up on the internet
As long as Mott is head of IT, you can guarantee there will be one or two layoffs a year. The forced rankings didn’t start last year for nothing.
A former colleague of mine was laid off this past August from IT. So it’s s happening.
They've been laying off contract for at least two years prior to the last large mass layoff. I do believe it's more of the same.
I would implore most to look at a macro picture. The illusion that is the stock market, is the measurement of a successful economy. In 2008, we were reactive, and cut only after the calamity. Most aware individuals know, and feel that this economy is running long in the tooth, but a turn is long overdue sooner than later. It is however, doing well now, so why did GM mass cut when times were great, at a time of record profits?
The unfortunate reality I believe, was that there was a preemptive cut, and there will be a reactive cut. That cut won't occur, until the large event. It would likely be significant, just like the one prior. However, small ones will occur until that time.
While that's not to be all doom and gloom, it's to face reality, and to try and find a seat before it occurs. Like 2008, not all that many were really safe, everyone's position was in question. My suggestion is to realize what is possible, and try to get your financial house in order.
Yes, they have been. But I'm hearing a big one is just around the corner. Dust off those resumes, folks.
They've been doing small, unpublicized layoffs all along since the last layoff.
After Caps in January, right before any bonus.