Financial news

Mass Dismissals in GM Are Still in Progress

21 апреля 2009 г.

President of GM North America Mr. Troy Clark has notified via e-mail 1,6 thousand employees in the American divisions about dismissals forthcoming this week.

Dismissals will concern all departments of the company in the USA, but most of all will suffer engineering and administrative departments. Those who will keep the working places will receive the cut down salary since May, 1st and till the end of the year. To top-managers it will be reduced on 10 %, to other employees — on 3-7 %.

GM warned of reduction of the staff in America in February. In accordance with their plans almost 3,5 thousand employees equal more than 11 % should  be dismissed.

It may be added, that the administration of the president of the USA of Barrack Obama is  intended to let General Motors up to $5 billion in May in order to assist the company to struggle against bankruptcy - a source in fund of corporate aids of the USA Ministry of Finance informed.

At the same time, the Incorporated union of workers of motor industry has urged on lobbying the new terms of negotiations between employees and managers of the companies  in the White house, especially in situations of dismissal.
 

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