GM launches new attrition program. JAMES P. LEUTE. Tuesday, February 1. AP Photo/David Zalubowski. Unsold 2. 00. 8 G6 sedans sit in a long row at a Pontiac dealership in Littleton, Colo., on Sunday, Jan. General Motors Corp., the make of Pontiac, reported the largest annual loss for an automotive company Tuesday Feb. U. S. While guaranteeing some jobs, the deal allows the automakers to hire “second- tier” workers at wage and benefit rates that are expected to be about 5. UAW members are paid. For most positions, new hires would be paid about $1. Buyout offers from GM and other U. S.- based automakers come amid concerns about the strength of the U. S. The automakers have been cutting capacity to match their declines in market share, and their new UAW contracts allow them to shift union retiree health- care obligations to union- controlled trusts.“We’ve worked with our UAW partners to ensure our employees have a variety of attractive options to consider,” said Rick Wagoner, GM chairman and CEO. The retirement component will allow eligible employees to leave with small payments and full pension and retirement health- care benefits. While the buyout options offer more money, they don’t carry any future benefits. The current offers are similar to those offered GM’s hourly workforce in 2.
2009 UAW-GM Special Attrition Program. Q6 I accepted the Pre-Retirement from the 2006 or 2008 SAP. Am I eligible to participate in the 2009 SAP? Q7 If a plant is shut down temporarily on layoff during the.GM after accepting buyout packages that ranged from $3. More than 9. 00 Janesville workers—about 2. GM’s current buyout offer comes at an interesting time for the Janesville plant, which will reduce the speed of its assembly line to help meet production cuts driven by slow sales of the big SUVs. Starting in April, workers on two shifts in Janesville will produce 4. SUVs an hour, down from the current rate of 5. In preparing for the slowdown, local plant and union officials have said they expect that an hourly workforce of about 2,1. That’s about 4. 00 fewer hourly employees than the plant currently employees, and plant officials have said the reduction would likely be achieved through layoffs. 2015 News Archives; 2014 News Archives; 2013 News Archives; 2012 News Archives; 2011 News Archives; 2010 News Archives; 2009 News Archives; 2008 News Archives. But they’ve also said the reduction is dependent on the attrition program GM unveiled today. If 4. 00 local workers opt for the buyouts, layoffs likely would not be necessary. If more than 4. 00 workers leave, GM might have to hire employees for the Janesville plant at the lower wage rate of $1. UAW Local 9. 5 Shop Chairman John Dohner Jr. Nearly 1,3. 00 workers have between 1. There’s a real buzz on the floor this morning,” Sheridan said in reference to dueling news of the attrition program and Barack Obama’s planned visit on Wednesday. Sheridan said it is his hope and expectation that GM will hire new employees to replace those who leave early.“We will be working with the UAW to manage any individual plant’s manpower needs,” said GM spokesman Dan Flores. It expects to complete the voluntary program by July 1. Material from Gazette wire services was use in this story. BUYOUT DETAILSGeneral Motors and the United Auto Workers have rolled out a special attrition program that will be offered to all of GM’s 7. UAW- represented employees. Specific details will be presented at all GM plants, and the automaker expects to wrap it up by July 1. The details: -- Retirement pension incentives of $4. Employees can take the incentives as a one- time, lump- sum cash payment, as a rollover into their GM 4. Individual Retirement Account, as a monthly annuity or as a combination of a partial lump- sum payment and direct rollover into the 4. IRA.- - Other retirement options would allow employees who are at least 5. Employees with 2. Until they reach 3. Cash buyouts for employees who agree to voluntarily quit and sever all ties with GM. Employees with 1. Last updated: 4: 5. Thursday, December 1.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
January 2017
Categories |