Not a lot of pain there.
Cuts are expected to come through attrition and early retirement programs.
The company said it would take a “significant†restructuring charge in conjunction with the changes and any related early retirement program. Details of those charges would be released later, GM said.
Any early retirement program would require an agreement with its unions, which GM said it hopes to reach soon.
The United Auto Workers said workers will be protected by the union’s job security agreements, which ensure they get pay and benefits even while they’re laid off.