GM Employees Pay Cuts To Be Restored: Some Of Them
We all know that GM is changing the way that they think – they are changing the way that they do things and they are certainly changing the way that they truly act. While 2009 has been a very, very tough year for this particular auto group, they finally have some good news. The workers for GM have taken the hits the most it seems and now – finally, the Human Resources VP Mary Barra sent out an official missive telling that the 3 – 7% pay cuts that everyone was feeling have been restored.
This is huge – for everyone and as of September 1st, they finally are able to bring the funds back up and while the senior executives are not the ones that get to take advantage of this … well, the workers do. GM has actually saved $50 million dollars by giving those cuts during the last four months and right now – they are able to give it back.
To me, that is something that is really good for the blue collars, while the white collars might have to suffer a little bit – they don’t get to get their third car this year … big deal right?
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