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GM cuts white-collar salaries 20%, furloughs 6,500 in U.S.

Posted on Thu, 26th of Mar, 2020 15:19:44 UTC

The automaker said salaried employees will receive lost earnings in a lump-sum payment within a year while executives will see deeper pay cuts on top of the 20 percent deferment as the company scrambles to preserve cash. ... read news

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