[AllTerrain]

GM employees will have 20% of their cash compensation deferred beginning April 01 2020, according to an internal memo GM sent out on Thursday:

 

[StillHummer]

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.

 

[JimsH3]

It's interesting because for Ford, all their executives ore taking paycuts, not the rest of their employees.

Ford to partially defer executive pay, warns job cuts could happen if coronavirus pandemic worsens

Ford Motor CEO and President Jim Hackett warned employees Thursday that "tougher actions" such as job cuts could be needed depending on the severity and length of the coronavirus pandemic.

www.cnbc.com