GMC HUMMER EV Forum | HummerChat.com banner

GM Cuts Pay For White-Collar Workers In Cash-Saving Efforts

1253 Views 2 Replies 3 Participants Last post by  JimsH3
2
GM employees will have 20% of their cash compensation deferred beginning April 01 2020, according to an internal memo GM sent out on Thursday:

GM Compensation 2020

GM Compensation 2020
See less See more
  • Like
Reactions: 1
1 - 3 of 3 Posts
Smart move. Even though the cost savings won't be massive, it'll make them look much better in case a further bailout (hate to use the B word) is in the pipeline in the next few months. Don't want to make the Rick Wagoner "fly to D.C. in a private jet to ask for funds" error of 2009.
It's interesting because for Ford, all their executives ore taking paycuts, not the rest of their employees.

1 - 3 of 3 Posts
This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.
Top