General Motors Asking Employees to Quit With Voluntary Buyouts
By Mike LaChance Mar. 9, 2023 11:17 pm410 Comments
The Joe Biden economy strikes again.
General Motors is asking employees to take a voluntary buyout. It’s a way of cutting jobs without technically laying off any workers.
How many of these workers do you suppose voted for Biden and Democrats?
ABC 12 in Michigan reports:
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.
The voluntary separation program will be offered to all U.S. salaried employees with at least five years of service and global executives that have been with the company for at least two years, a GM spokesperson told CNN. In a statement, the company said that employees are “strongly encouraged to consider” the program.
https://www.thegatewaypundit.com/2023/03/general-motors-asking-employees-to-quit-with-voluntary-buyouts/
