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

1253 Views 2 Replies 3 Participants Last post by  JimsH3
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
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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.

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