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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 ...
General Motors hourly workers — who've been waiting since November to learn when they might take advantage of a $50,000 retirement program — will get some answers on Monday, according to a ...
The UAW says about 7,800 GM hourly workers are eligible for retirement at the moment. At Toledo Propulsion there are about 1,350 hourly employees and about 200 of them want to retire now, but UAW ...
The General Schedule (GS) is the predominant pay scale within the United States civil service. The GS includes the majority of white collar personnel (professional, technical, administrative, and clerical) positions. As of September 2004, 71 percent of federal civilian employees were paid under the GS.
GM filed for Chapter 11 reorganization in the Manhattan New York federal bankruptcy court on June 1, 2009, at approximately 8:00 am EDT. June 1, 2009, was the deadline to supply an acceptable viability plan to the U.S. Treasury. The filing reported US$82.29 billion in assets and US$172.81 billion in debt. [6][7][8][9][10] After the Chapter 11 ...
The Renaissance Center in Detroit, Michigan, is the world headquarters of General Motors.. The history of General Motors (GM), one of the world's largest car and truck manufacturers, dates back more than a century and involves a vast scope of industrial activity around the world, mostly focused on motorized transportation and the engineering and manufacturing that make it possible.
File photo: The Renaissance Center, the headquarters for General Motors, in downtown Detroit on Tuesday, June 6, 2017. ... the memo and said the benefits apply only to GM's 43,500 U.S. salaried ...
Besides high hourly wage rates and paid vacations, in 1950, Reuther negotiated an industry first contract with General Motors known as Reuther's Treaty of Detroit. The UAW negotiated employer-funded pensions at Chrysler, medical insurance at GM, and in 1955 supplementary unemployment benefits at Ford.