martinjlm
Retired from GM
No need for me to gloss over GM’s cuts. They are normal and were expected. I spent 38 years at GM and witnessed at least 5-6 of these realignment events. In fact, I took an early retirement in 2017 to get into consulting somewhere right in between two of these events. I’m sure you would not have heard of the two reduction events I’m speaking of because there wasn’t an EV transition going on at the same time like there is now. I know a lot of people who are leaving the company in this current event and to a person they feel good about it.Nice way of glossing over all the lost jobs. When the mandates kick in these companies will raise the price of EV's. Then what? more subsidies? Move to inner cities and use public transportation?
When the one before I retired was offered, I didn’t take it because the financials didn’t fall in my favor. About 2,000 salaried employees were reduced out of the company then. The one that happened about a year and a half after I left seemed like a good deal, based on talking to a few of my friends who actually took it. I retired without an incentive program and that one had a decent incentive program. This current one had an even better incentive attached.
Leading up to this last offering GM spent about four years hiring people with technical skills in the areas of battery engineering and system design and electric motor engineering and design. Then when the separation program was rolled out, it was available to people who had been with the company five years or more. In other words, protecting the people who came into the company with new EV focused skills. So for most of the people who’ve taken it (I know a lot of them) they have experience and expertise in areas supporting development and manufacture of ICE focused technologies. Areas GM is moving away from. Many were already nearing retirement eligibility, so the up-to-one year of salary paid out helps to smooth that path.
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