https://www.cnbc.com/2019/02/01/gm-readies-to-make-4000-involuntary-layoffs-next-week.html
6 replies (most recent on top)
@XpnyLHs-dmz I can't wait to watch Trump goof on Mary - gonna be a fun night
What was GM thinking having the layoffs start a day before the State of the Union Address? Trump will for sure make mention of GM now, I’m sure. It should be Mary Barra’s head when it’s all said and done.
“We are not confirming timing. Our employees are our priorities and we will communicate with them first,” GM spokesman....... funny they let everyone suffer for few months, through the holidayS and now say employees are our priorities... SLAP IN THE FACE!!!
4000 doesn't seem that much. 8000 does though.
These are the numbers:
GM offered buyouts to 17,700 employees in North America with at least 12 years of service in November, according to a document obtained by CNBC at the time. The company was aiming for 8,000 voluntary buyouts, the company previously confirmed. About 2,250 workers accepted severance agreements by Nov. 19, the company previously confirmed. Roughly 1,500 contract jobs have since been eliminated, according to one of the people briefed on the layoffs.
That leaves roughly 4,250 salaried workers and 6,000 hourly employees targeted for layoffs.
This is the timing: (by "not confirming" he basically confirmed it)
Company executives want to complete as many of the layoffs as possible before the company reports its earnings Wednesday, the people said, asking not to be named because the information isn’t public yet.
“We are not confirming timing. Our employees are our priorities and we will communicate with them first,” GM spokesman Pat Morrissey told CNBC Friday.
Well, good luck all