Jan. 12 at 7:34 a.m.
Filed under:
Autos,
Labor,
Unions
By Dow Jones Newswires-Wall Street Journal
General Motors Co. wants pay for union-represented workers be tied to employees’ work performance and the company’s financial health — much like the way its salaried workers are paid — in what would be a major shift in how generations of auto workers have been compensated.
“They are trying to give hourly workers the same metrics as salaried workers,” GM Vice Chairman Stephen Girsky said Tuesday at the Detroit auto show. “There is a big pay-for-performance element going through the company and there is going to be more of it.” Get the full story »
Jan. 11 at 3:27 p.m.
Filed under:
Autos,
Bankruptcy
By Associated Press
A big cut in product development spending while General Motors was in bankruptcy protection set the company’s product development plans back by about a year, its top executive told reporters Tuesday.
Chairman and CEO Daniel Akerson said the company is working to accelerate vehicle plans that were postponed when research and development spending was cut to $5 billion per year as the company was trying to save money during its 2009 stay in bankruptcy protection. The spending has since been restored to $7 billion.
Aug. 12, 2010 at 10:42 a.m.
Filed under:
Autos,
Chicago executives,
Updated
By Tribune staff report
General Motors said Thursday that CEO Ed Whitacre, 68, is stepping down as chief executive Sept. 1 and as chairman by year-end.
Dan Akerson, 61, a GM board member since 2009, will assume both roles by the end of the year. Get the full story »
