General Motors expects to shed upwards of nearly 1,800 hourly employees through a new attrition program aimed at keeping fixed costs down, after agreeing to raises and a revamped profit-sharing scheme with the United Auto Workers union. According to GM’s details of the new 4-year labor agreement, which the UAW ratified Wednesday, the attrition program targets about 1,000 of the auto maker’s 10,000 skilled-trade workers and 800 of its 39,000 production-line employees. GM ...
Premium Content (PAID Subscription Required)
"GM Seeks to Shed About 1,800 Hourly Employees" 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!
Current subscribers, please login or CLICK for support information.