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7500 GM workers set to take early retirement

March 26, 2009 – 7:14 pm – No Comment

7,500 workers equals to about 12 percent of GM’s total workforce (not including other manufacturers in the supply chain, of course).
GM’s incentive to retire early was $20,000 and a $25,000 voucher for the purchase of a car.
The workers who put in their early retirement …

GM may have to cut thousands of jobs

February 8, 2009 – 4:02 am – No Comment

GM may have to fire 5,000 salaried workers soon. When the government loaned them $13 billion, GM was told that it would have to prove itself to be commercially viable. The cost cutting measure comes after GM’s sales for January dropped 49%.
GM, which saw its …