GM to Layoff 7500 MORE Employees

chefdennis

Veteran Expediter
Yeap they will be permenantly gone....so even as they put people back to work, they are elminating jobs...helping t the economic recovery..........

After 6,000 Take Buyouts, G.M. to Lay Off Thousands
By NICK BUNKLEY
Published: August 3, 2009
http://www.nytimes.com/2009/08/04/business/04gm.html?_r=2&ref=business

DETROIT — General Motors expects to lay off thousands of factory workers after the number who voluntarily quit through a recent buyout and early retirement program fell short of the carmaker’s target.

G.M. said Monday that about 6,000 hourly workers had left as of Saturday. That means the company still has about 48,000 hourly workers, which is 7,500 more than its year-end goal of 40,500.

A G.M. spokeswoman, Sherrie Childers Arb, said the company planned to meet with the United Automobile Workers union to determine how it could meet its goal by Dec. 31, but she said the company was not considering another buyout offer.

“Some people will go into a layoff situation,” Ms. Childers Arb said. “Others will be offered positions at other G.M. facilities. But we probably would not be able to find positions for all of those workers.”

Workers who agreed to leave their job received cash payments of $20,000 to $115,000, with the largest amount going to those who gave up retirement benefits other than their pensions. Departing workers also received a voucher worth $25,000 toward a new-vehicle purchase.

The cuts are part of the turnaround plan that G.M. developed under the oversight of the Obama administration. G.M. has borrowed $50 billion from the government to help it restructure and spent a little more than a month operating under bankruptcy protection.

The turnaround plan also calls for G.M. to close a dozen more plants and to cut thousands of salaried jobs. It is eliminating 35 percent of its executive ranks and recently reassigned a number of executives to new roles.

About 66,000 hourly workers have taken a buyout or early retirement offer from G.M. since 2006. About 7,000 left during one such program earlier this year. Ford and Chrysler also have used buyouts to eliminate tens of thousands of jobs in recent years.

“One of the very tough, but necessary actions to position the company for long-term viability and success is to reduce our total U.S. work force, both hourly and salaried employees,” Diana D. Tremblay, G.M.’s vice president for labor relations in North America, said in a statement.

G.M.’s contract with the U.A.W. calls for hourly workers who are laid off to receive most of their pay through a combination of state unemployment benefits and supplemental pay from the company, though the union recently agreed to shorten the time that assistance was available.
 

Poorboy

Expert Expediter
Looks Like "ANOTHER" Failure of Obumma and GM (Government Motors) is coming Back to Bite Us!! Hey BOOOOOORACK, Where's My Stimulus Check?? Oh That's Right, Your Gonna Give it to the Illegals!! :mad:
 

greg334

Veteran Expediter
Sorry, not one of them should get a dime, they should be treated just like any and all factory people who lost their jobs - unemployment and getting a new job.
 

OntarioVanMan

Retired Expediter
Owner/Operator
Now you are twisting facts..these layoffs are old news....it was in a plan announced early in the year..this is the number AFTER the buyout numbers were confirmed.... there is no failure here....
 

OntarioVanMan

Retired Expediter
Owner/Operator
Sorry, not one of them should get a dime, they should be treated just like any and all factory people who lost their jobs - unemployment and getting a new job.

Hey I got offered a buyout when Firestone closed...but severance pay was more...:)
 

chefdennis

Veteran Expediter
yeap they were planned for, BUT, they are NOT included in any un-employment numbers yet---so it will add ANOTHER 7500 people to the federal un-employment number.....
 

greg334

Veteran Expediter
But it goes far beyond just the numbers.

It is my tax money that is directly and indirectly helping Obama Motors cut its work force while at the same time the UAW is profiting from the entire venture. I don't want my tax money involved from giving the company tax breaks here in the state to retraining benefits that they don't really deserve.
 

OntarioVanMan

Retired Expediter
Owner/Operator
But it goes far beyond just the numbers.

It is my tax money that is directly and indirectly helping Obama Motors cut its work force while at the same time the UAW is profiting from the entire venture. I don't want my tax money involved from giving the company tax breaks here in the state to retraining benefits that they don't really deserve.

Yipper..gotta agree there....:)
 
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