General Motors is offering salaried employees a voluntary buyout as it seeks to reduce costs by $2 billion over the next two years. 'Taking this step now will help avoid the potential for involuntary actions,' a company letter said.
General Motors is offering voluntary buyouts for employees and executives as it looks to reduce costs by $2 billion over the next two years – according to a letter sent to employees and obtained by FOX 2.
The plan, known as a Voluntary Separation Program will "presents an opportunity to explore a new industry, make a career change, further a personal business venture or decide you can retire earlier". The company is offering three different packages to employees, based on level of experience with the company The VSP is entirely voluntary and is available to U.S. classified employees with at least five years of service to the company as of June 30, 2023.
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