DETROIT -- General Motors Co. plans to cut 1,000 salaried jobs by the end of September as part of its previously announced plans to save money by reducing its white-collar workforce, the automaker said Wednesday.

In June, GM announced it would cut an additional 4,000 salaried workers by the end of the year.

White-collar workers were offered buyouts or retirement packages earlier this summer and faced an August deadline to accept.

GM spokesman Tom Wilkinson said about 1,900 people took one of the voluntary packages.

Another 1,100 headcount reductions are expected to come through attrition, further retirements and, possibly, more involuntary terminations.

The buyout package included pay and benefits for up to six months for managers and one year for executives, depending upon years of service.

Wednesday was full of excitement for GM:

-- Ed Whitacre, GM's new chairman, will be featured in a new TV advertising campaign by GM, according to a report by Automotive News. A GM spokesman declined comment.

-- GM denied new speculation that it was preparing to move its headquarters out of Renaissance Center in downtown Detroit. "We've committed that we're going to keep our headquarters at the RenCen," Wilkinson said.

-- President Barack Obama was planning a visit to GM's Lordstown, Ohio, assembly plant, on Tuesday, according to a person familiar with the planning.

-- The GM board was believed to be weighing a majority stake sale of Opel or keeping the division or letting it reorganize through bankruptcy, with a formal announcement likely Thursday.

Magna International Inc. and Sberbank, a Russian bank, together have made an offer for Opel as has RHJ International, a Belgian investment firm.

Magna has made its "best offer" to acquire majority control of Opel, Magna Chairman Frank Stronach told journalists in Cologne, Germany.

React to this story:

0
0
0
0
0

Recommended for you