GM offers buyouts to most U.S. salaried workers to trim costs

GM has about 58,000 salaried workers in the U.S.Offers will go to white-collar workers with at least five years of service, and global executives with who have been with the company at least two years.

The decision to offer buyouts comes at an uncertain time for the auto industry, which is in the midst of a transition from internal combustion to electric vehicles. GM has a goal of selling only electric passenger vehicles by 2035. The cuts also are being made to prepare for any potential economic downturn or recession, Chief Financial Officer Paul Jacobson told an analyst conference in February.

The cost cuts were announced when GM released fourth-quarter earnings in January, when Jacobson said they would be accomplished in part by filling only strategically important jobs vacated due to attrition.

Chevy bolt not selling fast enough? Or are they catching fire too often? Maybe a Chevy sedan would do better? Oh wait ….there are no Malibu or impala models anymore ….

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