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In an 8-K filing submitted by GM on Thursday, the automaker says it expects to take a $1.5 billion pre-tax charge, and up to $300 million in pre-tax, non-cash pension curtailment charges. GM said ...
For retirees, GM has agreed to make five payments of $500 to current retirees and surviving spouses, the first such payments in over 15 years. Like the other two, the GM deal includes a right to ...
As of February 24, 2022, the UAW has more than 391,000 active members and more than 580,000 retired members in over 600 local unions, and holds 1,150 contracts with some 1,600 employers. [1] It holds assets amounting just over $1 billion.
Andrew Sorkin of The New York Times indicated that GM and Chrysler pay $10–20 more per hour than transplants; this was vigorously disputed by David Cole of the Center for Automotive Research. [21] [22] Average annual wages for production workers at the Big Three were $67,480 in 2007, and $81,940 for skilled workers.
Founded in 1908 as a holding company in Flint, Michigan, as of 2012 it employed approximately 209,000 people around the world. [1] With global headquarters at the Renaissance Center in Detroit, Michigan, United States, General Motors manufactures cars and trucks in 35 countries. In 2008, 8.35 million [2] GM cars and trucks were sold globally ...
The program will pay a pretax lump sum of $50,000 to eligible workers who retire. ... We have no more details to share at this time." ... More: GM plans to put totally driverless Cruise vehicles ...
GM was bound to pay $10 billion to the VEBA trust in December 2009, with the remainder being paid in increments from 2012-19. GM was not required to make contributions to its pension fund until 2013, but it could elect to if needed, since the company contributed $15.2 billion to its pension fund in 2003.
GM has reportedly reached a tentative deal with the United Auto Workers (UAW), joining its rivals Ford and Stellantis in coming one step closer to putting an acrimonious labor dispute that has ...