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The Detroit Free Press has learned more details on when GM and the UAW will start the first phase of the $50,000 retirement buyout program. ... pay and benefits they earn at the locations where ...
It was a plan sweetened by a special attrition retirement program GM agreed to in the United Auto Workers' contract negotiated last fall. The program will pay a pretax lump sum of $50,000 to ...
ID.me is an American online identity network company that allows people to provide proof of their legal identity online. ID.me digital credentials can be used to access government services, healthcare logins, or discounts from retailers.
For retirees, GM has agreed to make five payments of $500 to current retirees and surviving spouses, the first such payments in over 15 years. Like the other two, the GM deal includes a right to ...
On September 17, GM stopped providing health insurance to 55,000 union members, [7] forcing the UAW to pay for COBRA. On September 26, it was announced that GM would start to pay health insurance again to people on strike. [8] On October 16, it was announced that GM and the UAW agreed on a new labor contract that ended the month-long strike.
Roger Bonham Smith (July 12, 1925 – November 29, 2007) was the chairman and CEO of General Motors Corporation from 1981 to 1990, and is widely known as the main subject of Michael Moore's 1989 documentary film Roger & Me. Smith seemed to be the last of the old-line GM chairmen, a conservative anonymous bureaucrat, resisting change.
In an 8-K filing submitted by GM on Thursday, the automaker says it expects to take a $1.5 billion pre-tax charge, and up to $300 million in pre-tax, non-cash pension curtailment charges. GM said ...
In Canada, GM's 2008 average labor costs (including both wages and benefits) were $69 per hour, and Toyota's at $48 per hour, with similar productivity. [23] According to The Heritage Foundation, the ratio of retirees to workers varies across the Big Three. For each active worker at GM, there were 3.8 retirees or dependents in 2006.