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REPORT: GM to finish planned cuts by canning 4,000 salaried employees by Oct. 1

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. Workers who choose to accept the buyout will receive "enhanced benefits," while those ineligible for retirement will receive up to ... Read more →

REPORT: GM to shed 1,600 white-collar jobs by May 1 Chris Paukert

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 ...

GM confirms 10,000 more salaried employees to go this year, plus pay cuts Sam Abuelsamid

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 ...

Bob Nardelli to Employees: We're cutting 25% of remaining white-collar jobs Damon Lavrinc

"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 ...

GM offers early retirement to 9,000 white collar workers Jeremy Korzeniewski

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 ...

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Bill Ford's compensation falls 40 percent to $13.3M 3 years ago on Autoblog

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, ...

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Autoblog Podcast #158: 'Twas a couple nights before Christmas...

Chris, Editor Paukert, and Dan send the Podcast off for the Christmas holiday in proper fashion

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