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The Genesee Journal

Mid-Michigan Living

GM said no layoffs. Now it’s asking workers to quit

GM said no layoffs. Now it’s asking workers to quit

March 9, 2023 by GJ Staff Leave a Comment

General Motors said in January it would save $2 billion without planning any layoffs. But on Thursday it said it was looking for workers to leave voluntarily.

In a regulatory filing, the automaker said it was looking to save costs through attrition and a voluntary separation program in which eligible employees would get a lump sum payment and other severance based on how long they worked at the company. The buyouts would cost the company $1.5 billion before taxes this year.

This is a summary, read the full article HERE

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