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GM CEO Takes Less than Half a Percent Pay Cut Despite Mass Layoffs

posted onMay 4, 2019
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Article snippet: Barra, a close ally of the Obama administration and Democrat presidential candidate Joe Biden, closed the Lordstown, Ohio plant last month, a decision expected to result in the layoff of more than 8,000 American workers in the area, and allegedly blamed the United Auto Workers (UAW) for the plant’s closure. Negotiations between GM and the UAW detail how union workers were willing to accept nearly $120 million a year in concessions to keep the Lordstown plant open. Barra, though, moved forward with the plan to close the facility. Closing the Lordstown plant resulted in the immediate layoff of about 1,600 American workers and since 2017, GM has laid off about 4,500 American workers in Ohio. Another 900 American workers in supporting industries have been put of out work as well. After Barra closes Detroit-Hamtramck and Warren Transmission in Michigan, Lordstown Assembly in Ohio, and Baltimore Operations in Maryland, she is expected to have laid off about 14,700 of GM’s workers in the U.S. and Canada. Despite the mass layoffs in North America, Barra continued to earn nearly $22 million — cutting her pay by only $87,598 according to GM’s filings. This means that while thousands in the U.S. are laid off, Barra took only a 0.4 percent pay cut. While Americans are laid off en masse at GM, the corporation’s production in Mexico remains unaffected by any job reductions and has even announced additional production in China. As Breitbart News reported, throughout the 2012 pr... Link to the full article to read more

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