When General Motors and Chrysler took money from the U.S. government to prevent being consigned to history, the two storied domestic automakers had no choice but to put their fates in Uncle Sam's hands. After two very brief bankruptcies and billions in bailout cash, America's favorite bearded relative is looking to take its own pound of flesh.
- Autoblog Staff
- Sep 11, 2009
2009 has been a rough year for General Motors' white collar workforce. The embattled workers have endured bankruptcy, job cuts and pay reductions, but today some good news came via email. The Detroit News is reporting that Human Resources Vice President Mary Barra sent out an official missive today telling workers that the 3%-7% paycuts the workers received back in May would be restored effective September 1. Executive pay cuts of 10% are also being restored, though the base salary reductions of
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