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General Motors Will Cut 1,000 More Jobs

The US former bankrupt automaker General Motors will cut around 1,000 jobs after some of the company's workers will take buyouts and early retirements offers through a programme started by the company in a broader attempt to cut costs. Approximately 1,900 non-union employees are said to accept buyouts, Bloomberg reported today.

GM spokesman Tom Wilkinson said that most employees will leave the company this month, with the workers who chose to voluntarily quit their jobs to receive enhanced benefits. Furthermore, less-senior workers will receive six months of pay and benefits, while executives will get the same benefits for one year, the aforementioned source quoted the GM official.

General Motors announced a similar campaign back in April when, fighting with the same economic recession and the need for cost savings, the company offered $20,000 in cash and a $25,000 car voucher to workers who agreed to voluntarily quit. Approximately 7,500 employees left the company through the programme. The American ailing company planned at that time to cut workforce by 3,400 white-collars in the next few months, 18,000 blue-collar workers by the end of the year and 47,000 jobs worldwide.

“These employees have many years of dedicated service to General Motors and I’d like to personally thank them for all they have done for the company,” said Gary Cowger, Group Vice President Global Manufacturing and Labor Relations.

“This is another example of GM’s commitment to execute our Viability Plan. There is still much to do, but the Special Attrition Program, along with the many difficult but necessary actions we have taken in recent months will help ensure the long-term viability and future success of General Motors.”
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About the author: Bogdan Popa
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Bogdan keeps an eye on how technology is taking over the car world. His long-term goals are buying an 18-wheeler because he needs more space for his kid’s toys, and convincing Google and Apple that Android Auto and CarPlay deserve at least as much attention as their phones.
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