Thread regarding General Motors layoffs

These are the layoff numbers

These are the numbers:

GM offered buyouts to 17,700 employees in North America with at least 12 years of service in November, according to a document obtained by CNBC at the time. The company was aiming for 8,000 voluntary buyouts, the company previously confirmed. About 2,250 workers accepted severance agreements by Nov. 19, the company previously confirmed. Roughly 1,500 contract jobs have since been eliminated, according to one of the people briefed on the layoffs.

That leaves roughly 4,250 salaried workers and 6,000 hourly employees targeted for layoffs.

This is the timing: (by "not confirming" he basically confirmed it)

Company executives want to complete as many of the layoffs as possible before the company reports its earnings Wednesday, the people said, asking not to be named because the information isn’t public yet.

“We are not confirming timing. Our employees are our priorities and we will communicate with them first,” GM spokesman Pat Morrissey told CNBC Friday.

Reposted from @XpnyLHs-fjq .

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| 1261 views | | 3 replies (last February 2, 2019) | Reply
Post ID: @OP+XqUANfE

3 replies (most recent on top)

By 'comminate with their employees', I believe they mean, they will have HR show up at your cube on Monday with a box. Here is what one Austin manager sent their team on Tuesday. Apparently Notifying people of the layoffs without actually notifying anyone of the layoffs.

Hi everyone –

Next week, please plan to work in the office at the designated cube you have indicated in PeopleFinder. As we previously discussed, no one should be on vacation or working remotely.

If you have any questions, please let me know.

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Post ID: @cne+XqUANfE

It’s being handled exactly in the way GM communicates everything else to its employees. First, leak all the pertinent details to the media about four hours prior to sending out a corporate email.

And by the way - Don’t forget to follow good sleep habits and, if possible, please refrain from having any heart attacks or doing anything which could result in expensive health care costs until we’ve let you go.

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Post ID: @jwi+XqUANfE

Except they haven't communicated anything. Rumors are flying, and employees are only getting information as it comes out in the news media. This whole process could not have been handled Moor poorly.

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Post ID: @nql+XqUANfE

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