GM: 12 percent workers taking buyouts

General Motors Corp. said Thursday that 195 union workers at its Shreveport assembly plant accepted a buyout from the financially troubled auto giant.

The workers are among 7,500 workers nationwide who decided to take the deal, GM said. That represents about 12 percent of GM’s hourly work force represented by the United Auto Workers.

GM offered $20,000 cash and a $25,000 voucher to buy a car to all of its 62,400 hourly U.S. employees as part of an effort to further trim its blue-collar payroll.

Source: AP, Forbes

GM To Cut Another 10,000 Salaried Jobs This Year

According to CNNMoney: “General Motors Corp. (GM) will cut 10,000 jobs worldwide, or 14% of its salaried work force, as downsizing underway for years in the U.S. spreads around the globe.”

“Some 3,400 U.S. workers, or 12% of GM’s U.S. salaried work force, will be shed as part of the reduction. Most of those remaining will see a 3% to 7% pay cut on that date through year-end, while executives will get a 10% reduction.”

~News submitted by upthecreek

GM may cut thousands of salaried workers

According to Bloomberg, Reuters: “General Motors Corp. (GM.N) is developing a plan to fire up to 5,000 salaried employees as it tries to cut costs by a March 31 deadline to keep $13.4 billion in U.S. government aid. The total could match the number of salaried positions GM slashed in 2008. The company will include the plan in a Feb. 17 progress report to the U.S. government”

GM to cut 2nd shift at Lordstown plant

General Motors Corp. plans to cut one of the two remaining shifts at its plant in Lordstown, Ohio, in April, a person briefed on the plans said Friday. The person, who asked not to be identified because the plans have not been finalized, said workers have been told some of them will be indefinitely laid off, and an official announcement could come as soon as Monday.

Production cuts at Lordstown likely are a sign that further cuts could be coming at other GM factories, since Lordstown stamps parts for and assembles the Chevrolet Cobalt and Pontiac G5, two of GM’s least expensive and most fuel-efficient vehicles that have sold well in the down economy.

Source: The Canadian Press

Chrysler shuts down all production for at least a month

According to CNNMoney: “Chrysler LLC announced late Wednesday that it is stopping all vehicle production in the United States for at least a month. All 30 of the carmaker’s plants will close after the last shift on Friday, and employees will not be asked to return to work before Jan. 19.”

GM to Cut Output at Four Factories; 2,000 Affected

According to Bloomberg: “General Motors Corp., running out of cash and combating a 22 percent plunge in U.S. sales this year, said it’s cutting production at four North American car plants in 2009, affecting 2,000 jobs.

The automaker will eliminate the third shift at its factories in Lordstown, Ohio; Oshawa, Ontario; and Orion Township, Michigan, in February, said Chris Lee, a GM spokesman. GM will also suspend production for a week at the Chevrolet Malibu plant in Fairfax, Kansas.”