About a year ago, Saab got 500,000 eyeballs on its 9-3 Convertible using an online game tied to the show "Burn Notice". Ford is now doing the online game dance with the USA Network – the very same channel that aired "Burn Notice" – this time based on its new show "White Collar." The vehicle of choice: the Taurus.
With market share continuing to shrink and a miserable market for automotive sales, General Motors is forced to shed even more white collar workers. GM spokesman Tom Wilkinson reportedly told Bloomberg that the struggling US automaker is offering retirement packages for up to 4,000 non-union workers this week. That equates to about 15% of GM's current salaried workforce, and 20% off the totals from January 2009.
According to General Motors spokesman Tom Wilkinson, the struggling automaker will shed 1,600 white-collar jobs by May 1 as part of its continuing restructuring efforts. The cuts, which are scheduled to begin this week, are part of a larger action to shed 3,400 white-collar jobs this year.
The pain just keeps on coming for workers at General Motors. The company confirmed this morning that it will eliminate 10,000 salaried positions around the world before the end of this year. That will take GM's global white collar staff from 73,000 down to 63,000. Of the 10,000 heads to be cut, 3,400 will be in the United States where the company currently has 29,500 white collar staff. Those jobs will be eliminated by the end of April through another program of buyouts.
"These are truly unimaginable times for our industry." That's how Chrysler CEO, Bob Nardelli, starts off a recent email to employees, just before dropping the bomb that the automaker intends to cut 25% of its salaried workforce beginning next month and continuing through the end of the year.
As part of the ongoing numbers game between the Detroit 3, their workers and the UAW, General Motors has plans to offer more early retirement packages to some 9,000 of its white collar (non-unionized and salaried, that is) workers. For those who like to keep track of such things, that number represents about a third of the 27,000 white-collar, non-union workers who call the General their employer. If GM gets its wish, around half of those offered packages will accept and have plenty of time to k
Ford Motor released details of its executive compensation Friday, as part of its 2006 proxy statement to the Securities and Exchange Commission. At the top of the list is chairman and CEO Bill Ford, whose 2005 total compensation took a big hit, falling 40 percent to $13,298,279. In all fairness, this compensation takes form of stock and stock options virtually in its entirety. Ford has pledged to forgo any cash compensation until the company's automotive operations return to profitabil
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