|
GM ANNOUNCES LAYOFFS OF SALARIED WORKERS.(FRONT)
From:
The Capital Times
| Date:
March 28, 2006
| COPYRIGHT 2006 Capital Newspapers. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
|
Byline: Dee-Ann Durbin Associated Press
DETROIT -- General Motors Corp., pummeled by falling U.S. sales and billions in losses, said today it is laying off hundreds of U.S. salaried workers as part of a plan to bring its North American operations back to profitability.
GM spokesman Robert Herta said he couldn't give an exact figure, but said the cuts involve fewer than 500 workers at 30 locations across the United States, including factories and engineering centers.
A cut of just under 500 jobs would represent about 1.3 percent of GM's U.S. salaried work force of ...
Related newspaper, magazine, and trade journal articles from HighBeam Research
(Including press releases, facts, information, and biographies)
|
GM Offers White-Collar Bonuses
; ...health-care coverage for GM's 241,000 hourly workers. Salaried workers began paying more for...bonus and raises to salaried workers is a sign that GM's worst is over. "I...Joseph Phillippi said GM's salaried workers have lost substantial...
|
|
GM Prepares Pay Package to Pacify Salaried Workers
; ...union workers. GM's maintaining union...struck a nerve with salaried workers, whose own medical...representation. A GM spokesman said that some salaried workers may have received...1993. Payment to GM's 65,000 salaried workers will be made in...
|
|
And Now for the Other Collar; General Motors Lays Off Salaried Workers as It Tries to Reverse Recent Losses
; ...buildings north of Detroit. GM plans to cut 7 percent of...lose their jobs. Since 2000, GM has cut white-collar jobs by 30 percent. GM has about 36,000 salaried workers in the United States. Unlike...employees receive only what GM offers -- severance and limited...000 manufacturing ...
|
|
GM lays off salaried workers
; ...rising as high as $23.25 earlier in the day. Detroit-based GM announced a restructuring plan in November in the face of mounting losses. Under the plan, GM wants to cut 30,000 U.S. hourly workers and close 12 facilities by 2008. GM lost $10.6 billion in 2005, largely because of increased...competition ...
|
|
6,300 GM Salaried Workers Choose Early Retirement
; DETROIT (AP) _ About 6,300 salaried workers at General Motors Corp. _ some...early retirement by next month, a GM executive said Wednesday. Chief...many employees among GM's 91,000 salaried workers in North America were eligible...
|
|
Self-employed out-earn salaried workers by 30 percent
; ...12-24-2001 Headline: Self-employed out-earn salaried workers by 30 percent Byline: Jerusalem Post...on average, 30 percent more than salaried workers this year, according to data released...a month, compared to NIS 6,660 for salaried workers, the CBS announced. The only position...
|
|
Salaried workers will see cuts, too.
; Byline: Michael Ellis Nov. 22--Salaried workers at General Motors Corp. will...workers will bear the brunt of GM's plans to stop production at...the end of 2008. Wagoner said GM wants to eliminate 30,000 hourly...America by that time. But he said GM will continue to cut salaried...
|
|
GM shares more of its wealth with its salaried workers
; ...General Motors Corp.'s 72,000 salaried workers in the United States will...receive this year. Workers at GM's Saturn small- car unit...plan that applies to other GM employees. GM decided to issue the larger...temporarily shut down several GM assembly plants last year...Gerald Holmes ...
|
|
Salaried Workers Losing Patience.
; ...taking place over the past decades, salaried workers have been responsive to the government...programs on track ambitiously, the salaried workers who social scientists argue must form...unleash their pent-up fury. What irks salaried workers most is that the proposed national...
|
|
GM will cut executive salaries; CEO - who will take a 50% pay cut - says firm will cut its dividend in half and trim health benefits for salaried workers
; ...aide to billionaire investor Kirk Kerkorian was elected to GM's board. Last month, Jerome York outlined tough measures to bring the company back to profitability, including halving GM's dividend, cutting executive pay and setting profitability...and improve our competitiveness for the long term," said GM ...
|
For more facts and information,
see all results