Approximately 19,000 of GM’s 74,000 US hourly employees have decided to take an early retirement or buyout package. Most of the employees participating in the company’s attrition program will leave the company no later than 1 July 2008.
GM will fill job openings with current employees whenever possible, as spelled out in the provisions of the GM/UAW national labor agreement. In facilities where GM needs new employees, those individuals would be hired in at the entry-level wage and benefit structure. The extent of the new hiring at each facility will be determined on a plant-by-plant basis.
This attrition program gives us an opportunity to restructure our US workforce through the entry-level wage and benefit structure for new hourly employees.—Troy Clarke, Group Vice President and President, GM North America
Clarke recognized UAW leadership’s role in negotiating the 2008 attrition program.