General Motors Corp. next month launches the second phase of an attrition program the auto maker hopes will reduce its unionized workforce, trim hourly wages for newly hired employees and place its U.S. labor costs on more competitive footing with foreign rivals. GM also tells analysts in Detroit for an annual conference it expects the U.S. market to rebound in 2009 and that it could cut another $5 billion in labor costs in the coming years. The 2-phase attrition program stems from the ...

Premium Content (PAID Subscription Required)

"GM to Offer More Buyouts in February; Forecasts Better U.S. Market" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.