Thursday, July 31, 2008

GM and retirement

GM has finally started announcing their plans for the future. It looks like they will be offering retirement packages to all salaried employees age 55 and up. Tom won't really have any details until Aug. 25. Decisions have to be made by early September, and he'll have to decide whether he'll take the early retirement package or try to stick it out for a few more years. They have been told they will be losing 2 planes and need to cut the work force by 17 more people. BUT, they haven't said what will happen IF they don't get the numbers they need. They have told all the employees (at Tom's work) that they will be cut down to 2 shifts instead of the 3 that they've had. Tom has no idea how the shifts will change. Anyone taking the early retirement package will be retired on Nov. 1. This is all interesting, but until Tom sees what the numbers are, he can't really make any decisions. Guess he'll be busy after we get home from vacation. We'll let everyone know just as soon as we know anything.

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