GM employees will have 20% of their pay deferred as the coronavirus pandemic hits the auto industry hard (GM)

GM employees will have 20% of their pay deferred as the coronavirus pandemic hits the auto industry hard (GM)

Business Insider

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· General Motors' 69,000 salaried employees worldwide will defer 20% of compensation, starting April 1, as the automaker contends with the COVID-19 coronavirus pandemic.
· Executives and senior leaders are taking a 25% and 30% reduction, respectively, and board members are taking a 20% reduction.
· Last week, GM suspended...

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