GM and Chrysler offer buyouts to all hourly workers

Marc

Fully vaccinated are you?
Staff member
Admin
#1
GM and Chrysler offer buyouts to all hourly workers
By Chris Isidore, CNNMoney.com senior writer
Last Updated: February 3, 2009: 1:51 PM ET


GM follows a move by Chrysler to further cut labor costs, offering its factory workers the chance to cash out.

NEW YORK (CNNMoney.com) -- General Motors is offering buyouts to virtually all of its remaining hourly workers, becoming the latest automaker to try to cut labor costs by giving nervous workers an incentive to leave the company. The move follows a similar move by Chrysler LLC, which made an offer to its hourly workers on Monday. The GM offer, which takes effect Friday, is less lucrative than the deal proposed by Chrysler, or even offers that GM has made to its hourly staff in the past. The automaker will give most of its 62,000 U.S. hourly workers $20,000, as well as a voucher good towards the purchase of a GM car worth $25,000. In the past, GM offered between $45,000 to $62,500 to workers to retire early, and $140,000 to employees who left the company and agreed to give up post-retirement health care coverage. Those offers were all cash.

Read more...
 
Elsmar Forum Sponsor

SteelMaiden

Super Moderator
Super Moderator
#3
well, Ron, how many jobs existed that added no value to the process to start with? It is my understanding from discussions with folks that were laid off a year ago and came here to work that the auto industry is rife with jobs that pay people to do absolutely nothing. How can a corporation survive doing that? If they are heavy on personnel, and they wish to survive, buyouts would seem to be a way to unload unecessary expenses.
 

Ron Rompen

Trusted Information Resource
#4
You are correct in that there is a lot of deadweight in the auto companies (and in the subsidiaries as well, unfortunately). But buying these people off isn't really addressing the root cause of the issue, is it?

THAT is what should be dealt with; and yes, it will be very harsh to do it, but it's time to fish, cut bait, or go home. If we want to have jobs to come to next week/month/year, then we (as a culture, not the specific 'we' in here) have to come to grips with the reality of the situation that we have put ourselves in.
 
Thread starter Similar threads Forum Replies Date
Marc Fiat Chrysler merges with PSA Group, owner of Peugeot and Citroën - Oct 2019 World News 0
L IATF 16949 8.3.3.2 FCA (Fiat Chrysler) Specific Requirements - Examples of AQR and MPFMEA Service Industry Specific Topics 1
M Chrysler is requesting a "Torque Strategy" for all Fastener Joints FMEA and Control Plans 7
M Anyone familiar with FGP procedure 24? (Chrysler Fiat) APQP and PPAP 3
R Fiat Chrysler Automobiles US LLC Customer-Specific Requirements - Dec 2014 Customer and Company Specific Requirements 1
xfngrs What is Chrysler's AVOB? Customer and Company Specific Requirements 4
M Chrysler PSW Sign Off when your product is rated low risk in CQMS IATF 16949 - Automotive Quality Systems Standard 5
O Where Can I Get Chrysler Standard MS-JE5000? IATF 16949 - Automotive Quality Systems Standard 3
Q Chrysler required FMEA and Control Plan Document Audit Forms and Process Audit Check FMEA and Control Plans 7
L Chrysler's Supplier Request for Engineering Approval Form Quality Manager and Management Related Issues 4
V Where to get MS501 Chrysler Specifications APQP and PPAP 3
C Chrysler Quality Definitions? Chrysler has identified six types of quality Quality Manager and Management Related Issues 1
Sidney Vianna New Chrysler Specific Requirement Document for TS 16949 and ISO 14001 Customer and Company Specific Requirements 3
xfngrs Chrysler Laboratory Requirements Customer and Company Specific Requirements 3
A Does anyone know what a SRVA is? Chrysler is asking for this for tooling Customer and Company Specific Requirements 7
B TS16949 Annual PPAP Submission Requirements for Ford and Chrysler Parts IATF 16949 - Automotive Quality Systems Standard 2
S Chrysler CSR for use with PPAP 4th ed July 2011 Customer and Company Specific Requirements 0
M Chrysler, GM, and Ford Tooling Records Requirements - What are Tooling Records? IATF 16949 - Automotive Quality Systems Standard 4
C Chrysler Customer Specific Requirements Customer and Company Specific Requirements 1
Stijloor Chrysler minivan plant in Windsor to be idled for parts shortage.. World News 3
L Chrysler Specific Requirements - CQI-14 Warranty requirements Customer and Company Specific Requirements 1
M Tracking Absenteeism - Chrysler requirement? Customer and Company Specific Requirements 3
P New Chrysler CSR (Customer Specific Requirements) - June 2010 Customer and Company Specific Requirements 1
E Wall Chrysler's NCT System training manual Customer and Company Specific Requirements 2
H Chrysler PPAP - where to get started?? APQP and PPAP 6
D Chrysler Clause 90 Packaging Specification Customer and Company Specific Requirements 1
A PSO & PPAP Which one? Chrysler Submissions Customer and Company Specific Requirements 6
Marc Chrysler to cut 800 dealers on Thursday World News 1
Stijloor Chrysler Bankruptcy Plan Is Announced World News 20
Marc If GM and/or Chrysler go under... What about replacement parts and dealerships Coffee Break and Water Cooler Discussions 16
Q Checklist for Customer Specific Requirements (CSRs) for Delphi/Visteon/Chrysler/GM IATF 16949 - Automotive Quality Systems Standard 2
bobdoering Buyers shun GM, Chrysler as rescue draws focus World News 30
M A PSO is Chrysler - Is PSOMAS a typo? APQP and PPAP 8
Stijloor Chrysler LLC shuts down its plants for a month. World News 6
J Chrysler Gage Buy Off Check List Customer and Company Specific Requirements 2
J Chrysler Gage Standard - Gage standard for all Tier II stamping gages Customer and Company Specific Requirements 3
Stijloor G.M. and Chrysler Explore Merger World News 12
J Chrysler Customer Specific Requirements - When to notify the registrar IATF 16949 - Automotive Quality Systems Standard 3
antoine.dias New Chrysler customer specific requirements - Sept 2008 Customer and Company Specific Requirements 0
K Chrysler requirements for First Piece Approval IATF 16949 - Automotive Quality Systems Standard 3
Stijloor Chrysler names Denso its first 'Supplier of Choice' World News 1
N Chrysler mandated LPA, Subjective Questioning, Appeal to Nobler Senses Process Audits and Layered Process Audits 1
K Where do I access DCX Standards referenced in Chrysler Catia notes? Customer and Company Specific Requirements 8
L CQI-12 Internal Audit required by Chrysler - What if we're late? General Auditing Discussions 7
C Does TS still apply for Chrysler and Daimler IATF 16949 - Automotive Quality Systems Standard 1
T Is Chrysler ditching Powerway Customer and Company Specific Requirements 7
Stijloor Chrysler's Campi (new purchasing boss) will move fast to buy global. World News 11
R Chrysler CSR November 2007 - Internal Audit Requirements Customer and Company Specific Requirements 35
J What is meant by number of "items"? Chrysler Layered Process Audit Question Process Audits and Layered Process Audits 10
Stijloor UAW-Chrysler contract ratification in trouble World News 0

Similar threads

Top Bottom