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GM Trimming 10,000 Jobs, Reducing Pay as Much as 10% (Update5)

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JohnWxy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-10-09 06:18 PM
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GM Trimming 10,000 Jobs, Reducing Pay as Much as 10% (Update5)
http://www.bloomberg.com/apps/news?pid=20601103&sid=aBk8Fb5iQOeQ&refer=news


About 3,400 of GM’s 29,500 U.S. salaried workers will be dismissed by May 1, the Detroit-based automaker said in a statement. U.S. salaries will be cut temporarily by 10 percent for executives and by 3 percent to 7 percent for most others. GM Chief Executive Rick Wagoner, who already sliced his annual salary to $1, is reviewing salaries and benefits abroad.




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