GM Slashes 4,000 White Collar Jobs

General Motors Corp. started providing details to salaried and executive employees Tuesday about severance and early retirement offers as the automaker moves to cut about 4,000 jobs by Oct. 1.

The cuts are part of GM's sweeping restructuring while in Chapter 11 bankruptcy and will slash salaried ranks 20 percent and executive employees almost 35 percent. Although GM is seeking volunteers, involuntary job losses are expected, according to the automaker.

Most of the job cuts will hit workers in southeastern Michigan, which is already reeling from pending GM factory closures and the blue-collar jobs that will be lost. The automaker said June 1 it is eliminating an estimated 8,900 jobs at five area plants as part of broad manufacturing cuts in several states.


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veyron1001 - 6/24/2009 2:24:19 PM

-2 Boost

How can GM generate its so called profit in a few years that they optimistically set when they have almost no one working in the plant?

theman440 - 6/24/2009 2:33:39 PM

+3 Boost

veyron - do you know what "white collar" means?

0to60 - 6/24/2009 6:01:08 PM

+2 Boost

Hope this is primarily upper management roles

TehShibbs - 6/24/2009 8:04:44 PM

+1 Boost

They need to start laying off the suits, too. They're what's killing the company.

bfghemicuda - 6/25/2009 10:58:02 AM

+1 Boost

I would like to see GM do well in order to pay back the Government loans and get the Obama Administration off there back. GM got top heavy and needed to do this anyway. Iacocca stated that having government involved is brutal. Pay back the loan "as fast as you can"