Employing the efficiency of an automotive assembly line, General Motors has laid off close to 3,400 salaried workers in recent months, moving individual employees from their desks and out the door in a half-hour's time. The layoffs are part of a last-ditch effort to right-size GM's workforce in order to avoid the kind of bankruptcy filed by Chrysler on April 30. Now the company is looking to its next major deadline of June 1, when, according to an April 27 regulatory filing, GM said it would run out of cash unless it receives more financing and debt relief. In the filing, GM said it expected additional manpower reductions among its salaried workforce.
JOB CUTS AT GM IN HIGH GEAR Jeremy Smerd Workforce Management; May 18, 2009; 88, 6; Docstoc pg. 1 Reproduced with permission of the copyright owner
Pages to are hidden for
"JOB CUTS AT GM IN HIGH GEAR"Please download to view full document