GM Offers Buyouts to Most US Salaried Workers to Trim Costs
DETROIT—General Motors is offering buyouts to most of its U.S. salaried workforce and some global executives in an effort to trim costs as it makes the transition to electric vehicles.
The Detroit automaker wouldn’t say how many workers it is targeting, but confirmed that the move is aimed at accelerating attrition to meet a previously announced goal of $2 billion in cost cuts by the end of next year. GM has about 58,000 salaried workers in the United States.
The company says the offers also are designed to avoid any possible firings at a later date. CEO Mary Barra told analysts in January that GM doesn’t wasn’t planning for any layoffs….