GM offers buyouts to ‘majority’ of U.S. salaried workers

Mary Barra, CEO of General Motors at the NYSE, November 17, 2022.

Source: NYSE

DETROIT – General Motors will offer voluntary buyouts to a “majority” of its U.S. white-collar employees, as it aims to cut $2 billion in structural costs over the next two years, according to a letter sent to workers Thursday from CEO Mary Barra.

The “Voluntary Separation Program,” or VSP, come after the Detroit automaker said last week it would terminate about 500 salaried positions globally.

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