4 ms·
My brother works at GM, they did a 20% paycut to everyone, I want to say the leadership took larger ones like 30% but I can't completely remember.
by michaelbrave 7y ago
My brother works at GM, they did a 20% paycut to everyone, I want to say the leadership took larger ones like 30% but I can't completely remember.
- lukejduncan 7y agoIt’s actually a pay deferral. They’ll get the money just at a later date https://www.freep.com/story/money/cars/general-motors/2020/03/26/gm-salaried-workforce-must-take-pay-cut-due-coronavirus-impact/2921448001/ https://www.freep.com/story/money/cars/general-motors/2020/0...
- ksec 7y agoI think Pay deferral is a much better solution. It is hard to ever get a pay rise after a pay cut. That is why Salary raise on the whole dont catch up as fast as economy after 2008.