GM's Employee Separation Plan: Overwhelming Response from Employees
written by Rudrajit Mishra, fl. 2007 (Hyderabad, Telangana: IBS Case Development Centre, 2006, originally published 2006), 19 page(s)
Details
- Abstract / Summary
- General Motors Corporation (NYSE:GM), the world's largest automaker was founded in 1908 in Flint, Michigan of US. In 2006 GM was in a horrible tangle as the company lost $10.6 billion in the previous year (2005). To counter this GM had initially planned for organizational restructuring. As a part of the organizational restructuring the company planned 30,000 job cuts and close down of 12 plants by 2007. The plan of manpower reduction comprised with the hourly workforce reduction of 6,500 hours in 2005 and estimated replacements, including Delphi flow backs. GM management declared its plan expecting to reduce 30,000 blue-collar jobs by Jan.1, 2007 which was about two years ahead of schedule. On Monday, 26th June, 2006 GM's management announced that 35,000 workers had already opted to leave the company voluntarily, surpassing initial targets and allowing the automaker to increase its targeted savings to US $8 billion annually by the end of 2006. The overwhelming response of the employees for the accelerated separation plan surprised many people, including GM's management.
- Field of Interest
- Business & Economics
- Author
- Rudrajit Mishra, fl. 2007
- Copyright Message
- Copyright © 2006 by IBS Center for Management Research
- Content Type
- Case study
- Duration
- 0 sec
- Format
- Text
- Original Publication Date
- 2006
- Page Count
- 19
- Publication Year
- 2006
- Publisher
- IBS Case Development Centre
- Place Published / Released
- Hyderabad, Telangana
- Subject
- Business & Economics, Social Sciences, Human Resource Management, Strategic Management, Automobile manufacturing, Job terminations, Organizational change, Motor Vehicle Manufacturing, Gerenciamento de Recursos Humanos, Gestión de Recursos Humanos, Gerenciamento Estratégico, Manejo Estratégico, United States of America, USA, US of A, America, Estados Unidos, General Motors Company, United States, Employee Separation
- Keywords and Translated Subjects
- Gerenciamento de Recursos Humanos, Gestión de Recursos Humanos, Gerenciamento Estratégico, Manejo Estratégico, United States of America, USA, US of A, America, Estados Unidos
