0
General Motors(GM Quote - Cramer on GM - Stock Picks), struggling with decades-low sales, will cut 10,000 salaried jobs worldwide.
* More on GM * Stocks Open Mixed Ahead of Stimulus Vote * Dow Watch: An Even Smaller GM * China Sells More Cars Than U.S. in January * Stocks Finish Mixed Ahead of Government News * Navigating the Maze of GPS Devices * GM Vice Chairman Lutz to Retire at End of 2009 * Nissan's $2B Red Line * Today's Outrage: Chevron's Big Oil Find * GM Could Take Back Parts of Delphi: Report * CDS Regulation: Stocks to Avoid * Market Activity * Ford Motor Company| FDOWN
* General Motors Corporation| GMDOWN
The automaker said it will reduce salaried workers from 73,000 to 63,000 this year, about 3,400 of those job cuts coming in the U.S. GM also said it will cut the pay of most of its salaried U.S. workers beginning May 1 and continuing at least through the end of the year at which time the pay cuts will be evaluated. The pay of U.S. executive employees will be cut by 10%, while other salaried workers will see cuts of 3 percent to 7 percent, GM said. GM faces a Feb. 17 deadline to present to the government a plan showing it can become viable. The plan is required by the terms of $9.4 billion in low-interest government loans to the wounded automaker, which is seeking another $4 billion from the Treasury Department. GM's auto sales fell 49% in January, while Ford(F Quote - Cramer on F - Stock Picks), saw sales drop 39% and Chryslersaw a 55% decline. General Motors(GM Quote - Cramer on GM - Stock Picks), struggling with decades-low sales, will cut 10,000 salaried jobs worldwide.
* More on GM * Stocks Open Mixed Ahead of Stimulus Vote * Dow Watch: An Even Smaller GM * China Sells More Cars Than U.S. in January * Stocks Finish Mixed Ahead of Government News * Navigating the Maze of GPS Devices * GM Vice Chairman Lutz to Retire at End of 2009 * Nissan's $2B Red Line * Today's Outrage: Chevron's Big Oil Find * GM Could Take Back Parts of Delphi: Report * CDS Regulation: Stocks to Avoid * Market Activity * Ford Motor Company| FDOWN
* General Motors Corporation| GMDOWN
The automaker said it will reduce salaried workers from 73,000 to 63,000 this year, about 3,400 of those job cuts coming in the U.S. GM also said it will cut the pay of most of its salaried U.S. workers beginning May 1 and continuing at least through the end of the year at which time the pay cuts will be evaluated. The pay of U.S. executive employees will be cut by 10%, while other salaried workers will see cuts of 3 percent to 7 percent, GM said. GM faces a Feb. 17 deadline to present to the government a plan showing it can become viable. The plan is required by the terms of $9.4 billion in low-interest government loans to the wounded automaker, which is seeking another $4 billion from the Treasury Department. GM's auto sales fell 49% in January, while Ford(F Quote - Cramer on F - Stock Picks), saw sales drop 39% and Chryslersaw a 55% decline.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
How many 100 dollar bills are in a pound?
If you mean "how many 100 bills weigh a pound", the answer is slightly more than 453. The standard weight of all US bills is 1 gm and there are 453.6 gm in one US pound.
Are American jobs lost because of importing?
American jobs have been lost due to imported products. The best example of this is the US auto industry. Some 30-40 years ago, GM, Ford & Chrysler dominated the auto sales business in the US. Now imported cars from Germany, Japan and South Korea have pushed the US big three auto makers aside. It's true that many imports are built in the USA, however, that has not offset the loss of automotive jobs as a whole.
What happens to your GM stocks if GM filed for bancruptcy?
Your common stock becomes worthless. The value of your shares is zero dollars.
How did GM get involved in credit card financing?
GM got involved in credit card financing in a cobranding arrangement with MasterCard, thus providing automobile and credit card financing to its customers. By 1994, GM had earned $9.4 billion from financing
What is the value of a pound of 20 dollar bills?
US bills weigh approximately 1 gm each. A US pound weighs 453.6 gm so one pound (except for the 0.6 gm!) of them would be worth 453 x 20 = $9060.
Is their going to be a gm mode in svr 2011?
no gm mode is NOT going to be on wwe 2011
How many people are employed by the Big Three?
These are the numbers that I have seen: GM - 120,000 jobs Ford - 80,000 jobs Chrysler - 66,000 jobs Auto Dealerships - 740,000 jobs Suppliers - 610,000 jobs - These jobs would be greatly affected if the Big 3 fail but are not employed by the Big 3
Is Triple H going to be the gm wwe?
Yes i think he is the gm of wwe
Is WWE 13 going to have gm mode?
sadly WWE 13 will not have GM mode :(
How many jobs will be lost if GM goes bankrupt?
i dont think any one will know i dont think any one will know
How many Gm in a GM?
1000grams in a kilogram.
Where is the fuel cut off switch located on a 2002 Chevy Avalanche?
GM vehicles do not have a fuel cut off switch.
Will SvsR 2010 have a better GM mode?
Well actually We don't think that there is going to be a GM Mode but they might.
What is going on about GM recall?
The numbers of sales at GM are staggering as they announced a recall of over 29 million cars.
Is there a fuel cut off switch on a 1988 s10?
No, GM vehicle do not have Inertia Switches.
Is gm going to make pontiac's again?
Very unlikely
Where can one find information about GM credit card?
An individual can find information about a GM credit card by going online to their website and going to the information tab, or by calling the company and asking about it.
