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THOUGHT FOR THE DAY!

" One in 10 chance perhaps, but save Chile! ... not concerned with risks involved ... $10,000,000 available, more if necessary ... make the economy scream."-- CIA Director Richard Helms, discussing plan to destabilize government of Chile under democractically-elected President Salvador Allende

 

GM suspending benefits; buyouts ’well received’

The automaker will temporarily stop company matching of its 401(k) program as of Nov. 1, GM spokesman Tom Wilkinson said. It also will suspend tuition reimbursement and adoption assistance programs as of the end of this year, he said.

Wilkinson added the company’s early retirement program for salaried employees, which will complete Nov. 1, has been “well-received,” but he declined to say how many white-collar workers have accepted the offer. The Wall Street Journal reported on its Web site Thursday that more work force reductions would be necessary, and the automaker would begin making involuntary job cuts of its salaried work force.

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