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General Motors Asks Employees to Quit Voluntarily After Promising No Layoffs

Just last week, GM also cut an unspecified number of white-collar employees following their “most recent performance calibration.”

The GM logo outside their plant in Sao Jose dos Campos, Brazil.

Roosevelt Cassio/Reuters

By Katie Hawkinson

General Motors announced Thursday they were asking employees to voluntarily quit as an alternative to enacting layoffs, a move the company said they would avoid in January. If employees put their hand up to be made redundant, they would get a severance package based on length of employment, as well as a lump sum payment, the company said. These payments would cost the company $1.5 billion, CNN Business reported. Just last week, GM also cut an unspecified number of white-collar employees following their “most recent performance calibration,” according to company executives.

Read it at CNN Business

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