World
About 5K GM salaried workers take buyouts, avoiding layoffs
DETROIT (AP) — About 5,000 white-collar employees at Common Motors took the corporate’s buyout gives, which the automaker says is sufficient to keep away from layoffs at the moment.
GM mentioned Tuesday that the gives will save about $1 billion per yr in prices, about half of the $2 billion it desires to chop yearly by the top of 2024. The corporate now has about 58,000 salaried employees within the U.S.
“The steps we’re taking will permit us to keep up momentum, stay agile, and create a extra aggressive GM,” the corporate mentioned in a ready assertion.
GM hopes to get the remaining $1 billion in financial savings by decreasing car complexity and increasing use of shared elements on inner combustion and electrical automobiles. It additionally plans to chop spending throughout the corporate, together with for journey and advertising, the assertion mentioned.
Final month GM provided buyouts to white-collar employees with at the very least 5 years of service, and world executives who’ve been with the corporate at the very least two years.
The choice to supply buyouts comes at an unsure time for the auto trade, which is within the midst of a transition from inner combustion to electrical automobiles. GM has a objective of promoting solely electrical passenger automobiles by 2035.
The change is requiring extra analysis and improvement spending on each forms of automobiles, in addition to large capital outlays for battery factories and updating meeting crops, in addition to spending to get scarce metals wanted for EVs.
Though the 5,000 employees who will depart is sufficient to maintain off layoffs, GM isn’t ruling it out sooner or later. “Given the outcomes of this system, companywide involuntary separations usually are not a consideration at this level,” the assertion mentioned.
Workers taking the buyouts had to enroll by March 24, and those that are authorised for the packages have to depart by June 30.
U.S. salaried employees are being provided one month of pay for yearly of service, as much as 12 months. They’ll additionally get COBRA well being care and a part of the bonuses they’d obtain this yr.
World
COP29 Host Urges Collaboration as Deal Negotiations Enter Final Stage
World
Man in India regains consciousness before his cremation on funeral pyre: reports
A 25-year-old man who was declared dead and about to be cremated in India this week was found to be still alive by witnesses, according to reports.
Rohitash Kumar, 25, who was deaf and mute, was declared dead at a hospital in the state of Rajasthan in the northwestern part of India without a post-mortem examination, according to The Times of India.
Once it was clear Kumar was alive at his cremation on Thursday afternoon, his family reportedly took him back to a hospital where he died early Friday morning.
COLORADO FUNERAL HOME OWNERS PLEAD GUILTY TO CORPSE ABUSE AFTER NEARLY 200 BODIES FOUND DECOMPOSING
Three doctors involved in declaring Kumar dead at the Bhagwan Das Khetan district hospital have since been suspended, the newspaper reported.
Kumar had suffered an epileptic seizure and was declared dead after he flatlined while doctors were performing CPR on him, the Daily Mail reported, citing the AFP news service.
10 NEWBORN BABIES DIE IN INDIA AFTER FIRE RIPS THROUGH HOSPITAL NEONATAL UNIT
“The situation was nothing short of a miracle,” a witness at the funeral pyre told local news outlet ETV Bharat. “We all were in shock. He was declared dead, but there he was, breathing and alive.”
Ramavtar Meena, a government official in Rajasthan’s Jhunjhunu district, called the incident “serious negligence.”
“Action will be taken against those responsible. The working style of the doctors will also be thoroughly investigated,” he said.
Meena added that a committee had been formed to investigate the incident.
World
Thousands march across Europe protesting violence against women
Violence against women and girls remains largely unreported due to the impunity, silence, stigma and shame surrounding it.
Thousands marched across France and Italy protesting violence against women on Saturday – two days before the International Day for the Elimination of Violence Against Women.
Those demonstrating protested all forms of violence against women – whether it be sexual, physical, psychological and economic.
The United Nations designated 25 November as the International Day for the Elimination of Violence Against Women. The goal is to raise awareness of the violence women are subjected to and the reality that the scale and nature of the issue is often hidden.
Activists demonstrated partially naked in Rome, hooded in balaclavas to replicate the gesture of Iranian student Ahoo Daryaei, who stripped in front of a university in Tehran to protest the country’s regime.
In France, demonstrations were planned in dozens of cities like Paris, Marseille and Lille.
More than 400 organisations reportedly called for demonstrations across the country amidst widespread shock caused by the Pelicot mass rape trial.
Violence against women and girls remains one of the most prevalent and pervasive human rights violations in the world, according to the United Nations. Globally, almost one in three women have been subjected to physical and/or sexual violence at least once in their life.
For at least 51,100 women in 2023, the cycle of gender-based violence ended with their murder by partners or family members. That means a woman was killed every ten minutes.
-
Business1 week ago
Column: Molly White's message for journalists going freelance — be ready for the pitfalls
-
Science4 days ago
Trump nominates Dr. Oz to head Medicare and Medicaid and help take on 'illness industrial complex'
-
Politics6 days ago
Trump taps FCC member Brendan Carr to lead agency: 'Warrior for Free Speech'
-
Technology5 days ago
Inside Elon Musk’s messy breakup with OpenAI
-
Lifestyle6 days ago
Some in the U.S. farm industry are alarmed by Trump's embrace of RFK Jr. and tariffs
-
World6 days ago
Protesters in Slovakia rally against Robert Fico’s populist government
-
News6 days ago
They disagree about a lot, but these singers figure out how to stay in harmony
-
News6 days ago
Gaetz-gate: Navigating the President-elect's most baffling Cabinet pick