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How General Motors got 5,000 workers to quit voluntarily

General Motors' Voluntary Separation Program proved popular

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How GM got 5,000 workers to leave their jobs within a month without a single layoff

General Motors’ drive to make employees leave out of their own volition is working. Last month, General Motors announced a Voluntary Separation Program (VSP)…

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What to know before taking an employee buyout

Buyouts are a way to incentivize employees to leave a company in order to reduce wage expenses and bring down costs.

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5,000 GM employees take buyouts worth $1 billion to leave company by June

General Motors will extend severance benefits to about 5,000 front-office employees as part of staff reductions and other cost-cutting measures announced by the company earlier this year.

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With Layoffs Looming, You Could Be Offered a Voluntary Buyout—4 Things to Know Before Taking One

Buyouts are a way to incentivize employees to leave a company in order to reduce wage expenses and bring down costs.

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