GM temporarily cuts pay by 20% for 69,000 salaried workers amid coronavirus pandemic


Common Motors explained to about 69,000 salaried personnel globally on Thursday that it will quickly cut 20% of their salaries as the automaker tries to help you save dollars amid the coronavirus pandemic.

The deferment, which will start out April 1, will be repaid in a lump sum with desire no later on than March 15, 2021, according to the organization

About 6,500 U.S. workers also will be primarily non permanent laid-off, which the firm is contacting a “salaried downtime paid out absence.” The personnel will obtain 75% of their fork out, continue to keep seniority and keep overall health treatment advantages.



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