GM Slashes 10,000 Jobs And Cuts Remaining Workforce Wages

General Motors announced Tuesday it is cutting 10,000 workers, or 14% of its salaried jobs worldwide. A third of those job losses will be in the United States.

The troubled automaker also said it will cut the pay for its remaining U.S. salaried staff..

GM, which is preparing to present a long-term viability plan to the Treasury Department next week, said the cutbacks are part of the restructuring plan it submitted to Congress on Dec. 2 when it was first asking Washington for federal assistance.

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THESCOOTER - 2/10/2009 10:59:20 AM

+3 Boost

Tough times indeed. However, it is time to The General 'right sized' and back into competitiveness. The reality is that they are way bloated in their cross divisional roles -- the inherent redundancy that has built up over the years has to go. Ford's 'Way Forward' plan that was devised years ago has simply put them in a better position today. I am sorry for all of those who will be losing their jobs, it is a tough times ahead. But for the good and survival of GM it is about time to get this thing turned around and well positioned to get back to lean high quality manufacturing.

downtoearth - 2/10/2009 11:13:01 AM

-3 Boost

Someone killed the buttmonkey :-(

Agent009 - 2/10/2009 1:43:31 PM

+3 Boost

Yes he bit the dust, so to speak.

woood - 2/10/2009 11:13:59 AM

+4 Boost

More plant closures are planned. This is a step in the right direction for GM as a manufacturer. As with Chrysler and Ford, GM is bloated.

downtoearth - 2/10/2009 12:08:16 PM

-1 Boost

Considering levels of innovation and quality found at GM cars, these 10.000 people at work were mostly busy with belching. I wouldn't account this employment reduction as a big loss then.

neutral - 2/10/2009 9:14:44 PM

+5 Boost

Apparently you haven't been near a GM vehicle in the past few years. Please keep quiet when you don't know what you are talking about.

veyron1001 - 2/10/2009 6:58:10 PM

-2 Boost

So there are 100 people working at GM now. Executives + one person in each department?

vwrules - 2/10/2009 10:07:10 PM

-2 Boost

Gm should have kept their company people and fired the BLOOD SUCKING ENTITY KNOWN AS THE UAW.

XYZZ - 2/12/2009 1:21:01 AM

+2 Boost

not to mention, fancy gadgets/style aside (the better to snare suckers with), VW actually has WORSE quality than gm. not to mention ford, honda, toyata, and HYUNDAI!

vwrules - 2/15/2009 9:34:57 AM

+1 Boost

1UAW I bet when the VW plant is built here it wont be built union and the employees wont be union.We still dont like their Euro Socialism here even if Obama got elected but love their cars.Oh XYZZ Um Iv owned a POS S-10 a Olds and 3 Fords and 3 Dodges none of these I would brag about, oh and I grew up with Corvettes still love those.I am on my 3rd VW and have had very few problems,220 thous miles between the 3 so smart ass enjoy your no resale GM car built by thug labor.