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More jobs to be cut at GM, CEO’s report says
This is nuts... they're still over the limit by 10,500??
More jobs to be cut at GM, CEO’s report says
Posted Thursday, Oct 8, 2009, 12:48 pm
Three months into its life after bankruptcy, General Motors Co. has about 10,500 more U.S. workers than called for by year’s end under its previously stated turnaround plan, the Detroit Free Press reported.
GM said Wednesday it has cut its U.S. hourly work force by 21 percent and salaried ranks by 18.2 percent so far this year, according to a progress report by CEO Fritz Henderson, the paper reported. Most of the extra positions are held by hourly workers and, given GM’s recent plans to add shifts at assembly plants, it was unclear how many more positions will be cut, the Free Press said.
General Motors Co. is working to get as much of the company’s restructuring completed by year’s end as possible, Henderson told reporters Wednesday. He outlined the company’s 90-day performance, touting new vehicle launches that were beating company expectations, the paper said.
Henderson said buyout and retirement packages “fell short of our expectations,” but he noted the “good news” is that GM has added back some workers into production because of increased demand, the story said. (Detroit Free Press)
This is nuts... they're still over the limit by 10,500??
More jobs to be cut at GM, CEO’s report says
Posted Thursday, Oct 8, 2009, 12:48 pm
Three months into its life after bankruptcy, General Motors Co. has about 10,500 more U.S. workers than called for by year’s end under its previously stated turnaround plan, the Detroit Free Press reported.
GM said Wednesday it has cut its U.S. hourly work force by 21 percent and salaried ranks by 18.2 percent so far this year, according to a progress report by CEO Fritz Henderson, the paper reported. Most of the extra positions are held by hourly workers and, given GM’s recent plans to add shifts at assembly plants, it was unclear how many more positions will be cut, the Free Press said.
General Motors Co. is working to get as much of the company’s restructuring completed by year’s end as possible, Henderson told reporters Wednesday. He outlined the company’s 90-day performance, touting new vehicle launches that were beating company expectations, the paper said.
Henderson said buyout and retirement packages “fell short of our expectations,” but he noted the “good news” is that GM has added back some workers into production because of increased demand, the story said. (Detroit Free Press)
