General Motors Offers Buyouts to Employees Through Voluntary Separation Program
In an effort to reduce costs and become more competitive in the global market, General Motors (GM) has announced a Voluntary Separation Program (VSP) offering buyouts to its employees. This program is open to eligible salaried employees in the United States and Canada who have been with the company for at least 12 months. The VSP offers eligible employees a one-time payment based on their years of service, as well as other benefits such as health care coverage and outplacement assistance. GM hopes that this program will help it reduce