DETROIT, MI– General Motors is reportedly offering buyouts to the majority of its salaried workforce in an effort to trim costs.
The automaker confirmed the report stating that they are offering the buyouts to help facilitate their transition to electric vehicles.
The company did not say how many employees they were targeting but
they did report that the offer has gone out to white-collar workers with at least five years of service, and global executives who have been with the company for at least two years.
It is unclear how many of their 58,000 salaried U.S. workers that applies to.
The company has a goal to cut $2 billion in costs by the end of next year and says they are offering the buyouts to avoid any possible firings at a later date.