staticxfl
01-17-2008, 09:00 PM
Filed under: Hirings/Firings (http://www.autoblog.com/category/hirings-firings/), Plants/Manufacturing (http://www.autoblog.com/category/plants-manufacturing/), GM (http://www.autoblog.com/category/gm/), Earnings/Financials (http://www.autoblog.com/category/earnings-financials/), UAW/Unions (http://www.autoblog.com/category/uaw-unions/)
http://www.blogsmithmedia.com/www.autoblog.com/media/2008/01/gm_logo1.jpg (http://www.detnews.com/apps/pbcs.dll/article?AID=/20080117/BIZ/801170469/1148/rss25)General Motors held a conference with analysts today in which it outlined the automaker's turnaround progress and plans for 2008, the result of which is a press release (after the jump) that is the most boring piece of literature ever to be read. We tried, and were comatose by the first set of bullet points. Those who soldiered on, however, discovered that GM's cost-cutting plans for 2008 include offering worker buyouts to 46,000 eligible employees and potentially closing more facilities.
Follow the jump (http://www.autoblog.com/2008/01/17/gm-offering-more-worker-buyouts-closing-more-plants-in-2008/) for the skinny on the details, as well as the official snooze-inducing press release from GM.
[Source: GM, The Detroit News]Continue reading GM offering more worker buyouts, could close more plants in 2008 (http://www.autoblog.com/2008/01/17/gm-offering-more-worker-buyouts-could-close-more-plants-in-2008/)
Read | Permalink (http://www.autoblog.com/2008/01/17/gm-offering-more-worker-buyouts-could-close-more-plants-in-2008/) | Email this (http://www.autoblog.com/forward/1089811/) | Comments (http://www.autoblog.com/2008/01/17/gm-offering-more-worker-buyouts-could-close-more-plants-in-2008/#comments)
More... (http://www.autoblog.com/2008/01/17/gm-offering-more-worker-buyouts-could-close-more-plants-in-2008/)
http://www.blogsmithmedia.com/www.autoblog.com/media/2008/01/gm_logo1.jpg (http://www.detnews.com/apps/pbcs.dll/article?AID=/20080117/BIZ/801170469/1148/rss25)General Motors held a conference with analysts today in which it outlined the automaker's turnaround progress and plans for 2008, the result of which is a press release (after the jump) that is the most boring piece of literature ever to be read. We tried, and were comatose by the first set of bullet points. Those who soldiered on, however, discovered that GM's cost-cutting plans for 2008 include offering worker buyouts to 46,000 eligible employees and potentially closing more facilities.
Follow the jump (http://www.autoblog.com/2008/01/17/gm-offering-more-worker-buyouts-closing-more-plants-in-2008/) for the skinny on the details, as well as the official snooze-inducing press release from GM.
[Source: GM, The Detroit News]Continue reading GM offering more worker buyouts, could close more plants in 2008 (http://www.autoblog.com/2008/01/17/gm-offering-more-worker-buyouts-could-close-more-plants-in-2008/)
Read | Permalink (http://www.autoblog.com/2008/01/17/gm-offering-more-worker-buyouts-could-close-more-plants-in-2008/) | Email this (http://www.autoblog.com/forward/1089811/) | Comments (http://www.autoblog.com/2008/01/17/gm-offering-more-worker-buyouts-could-close-more-plants-in-2008/#comments)
More... (http://www.autoblog.com/2008/01/17/gm-offering-more-worker-buyouts-could-close-more-plants-in-2008/)