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GM pays white-collar workers millions in bonuses before cuts
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DETROIT General Motors Corp. paid its white-collar workers
millions of dollars in merit bonuses before announcing sweeping cuts,
a spokesman said Tuesday.
John Maciarz defended the company's decision to reward diligent
salaried workers despite its plans to eliminate 74,000 jobs and close
21 plants.
"We kept our promise to our employees," Maciarz said. "Equality
of sacrifice is in the eyes of the person evaluating it. All three
groups of people at General Motors sacrificed th...
Related newspaper, magazine, and journal articles from HighBeam Research
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GM ANNOUNCES LAYOFFS OF SALARIED WORKERS.(FRONT)
The Capital Times (Madison, WI)
; 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
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GM Prepares Pay Package to Pacify Salaried Workers
The Journal Record
; By Doron P. Levin N.Y. Times News Service DETROIT _ General Motors Corp., acknowledging unrest among ... competitive and attractive in industry." GM common stock, which fell on the news of the UAW pact, has recovered strongly since late October. Analysts ...
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GM shares more of its wealth with its salaried workers
The Journal Record
; DETROIT (AP) -- For the first time, General Motors Corp.'s 72,000 salaried workers in the United States will get larger profit-sharing payments than the $300 each of its union autoworkers will receive this year. Workers at GM's Saturn small- car unit, meanwhile, have been paid $10,000 in "reward
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Self-employed out-earn salaried workers by 30 percent
Jerusalem Post
; Jerusalem Post Staff Jerusalem Post 12-24-2001 Headline: Self-employed out-earn salaried workers by 30 percent Byline: Jerusalem Post Staff Edition; Daily Section: Economics Page: 16 Monday, December 24, 2001 -- The self-employed earned, on average, 30 percent more than salaried workers this year,
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Salaried Workers Losing Patience.
Korea Times (Seoul, Korea)
; In Korea where rapid industrialization has been taking place over the past decades, salaried workers have been responsive to the government's economic decisions in general. While lawyers and other professional service providers pay smaller taxes than they do, they have hardly acted collectively to
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Salaried workers also likely to go.(Delphi Corp.'s broader restructuring)
Crain's Detroit Business
; Byline: Terry Kosdrosky While Delphi Corp.'s hourly workers are bracing for cuts in jobs, wages and benefits, salaried workers won't be immune from layoffs as the supplier reorganizes in Chapter 11 bankruptcy. Delphi has said it wants to shut several plants in the U.S. One United Auto Workers local
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Number of salaried workers continues to fall
Jerusalem Post
; 00-00-0000 Headline: Number of salaried workers continues to fall Byline: TAL MUSCAL Edition; Daily Section: Economics Page: 10 Thursday, October 10, 2002 -- The number of salaried workers in the economy continued to contract, falling by some 10,000 in July, according information released on
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General Motors Salaried Workers May Soon Feel Pinch of Strike.
Knight Ridder/Tribune Business News
; Knight Ridder/Tribune Business News Jul. 15--White-collar workers are beginning to feel the cost-cutting efforts at strike-bound General Motors Corp., and many say ...
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Armstrong to lay off 97 hourly workers at city floor plant
Intelligencer Journal Lancaster, PA
; For the first time in almost two years, the ax is going to fall at Armstrong World Industries Inc.'s Lancaster floor plant. Due to sluggish sales of flooring, particularly products made here, the company said Friday it will furlough 97 hourly production and about 10 salaried workers at the West
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HOURLY WORKERS: Up to 30,000 will be shown the door, but will still draw paycheck.
Detroit Free Press (Detroit, Michigan) (via Knight-Ridder/Tribune Business News)
; ... number of years at Ford and their salary. Copyright (c) 2006, Detroit Free Press Distributed by Knight Ridder/Tribune Business News. For information on republishing this content, contact us at (800) 661-2511 (U.S.), (213) 237-4914 (worldwide), fax (213) 237-65 ...
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