© 2022 Michigan State University Board of Trustees
Public Media from Michigan State University
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations

AP Source: GM to restore salaried worker pay cuts

By AP

DETROIT, MI – A person familiar with the matter says General Motors Co. is telling employees in an e-mail that it will restore white-collar pay cuts made earlier this year, as of Sept. 1.

The person requested anonymity because no official announcement
has been made.

The company cut executive-level pay by 10 percent, manager pay by 7% and most other salaries by 5% in the spring as it struggled to avoid bankruptcy protection.

The cuts in the U.S., Canada and several other countries saved millions but GM ended up spending 40 days in bankruptcy protection. It emerged on July 10.

Workers received GM's e-mail on Friday, the person said. The e-mail says the reinvention of the company is just beginning and it appreciates the sacrifices employees have made.

News from WKAR will never be behind a paywall. Ever. We need your help to keep our coverage free for everyone. Please consider supporting the news you rely on with a donation today. You can support our journalism for as little as $5. Every contribution, no matter the size, propels our vital coverage. Thank you.