GM to Convert More than 650 U.S. Temporary Employees to Full-Time Status in January

Rhea-AI Summary

General Motors (NYSE: GM) announced the transition of over 650 hourly employees from temporary to regular full-time status across nine manufacturing sites in Michigan, Indiana, Texas, and Missouri, effective January 2021. This move will enhance wages, profit-sharing opportunities, and benefits, including improved healthcare coverage and 401(k) contributions. GM has invested over $29 billion in U.S. operations in the past decade, establishing itself as a leader in manufacturing jobs and accounting for a significant portion of investments in the auto sector.

Positive

• Transition of over 650 employees to full-time status will enhance their wages and benefits.
• Significant investment of over $29 billion in U.S. manufacturing over the last 10 years.
• GM leads in providing competitive manufacturing jobs in the U.S.

Negative

• None.

DETROIT, Jan. 4, 2021 /PRNewswire/ --

• Wages, profit sharing opportunity and benefits set to rise for new full-time employees
• Team members at nine sites in four states to see significant gains

General Motors Co. (NYSE: GM) announced today that more than 650 hourly employees at its sites in the U.S. will transition from temporary to regular full-time employment in January 2021. These employees work at nine GM manufacturing plants and other sites in four states: Michigan, Indiana, Texas and Missouri.

"We are proud to welcome these team members as regular, full-time employees," said Phil Kienle, GM vice president of North America Manufacturing and Labor Relations. "Our people are the heart and soul of everything we do and through their hard work and dedication to building quality products, they are taking the next step in their journey with GM."

General Motors offers some of the best-paying manufacturing jobs in the United States, including top-of-the-line health care benefits with very low out-of-pocket costs compared to other employers across any industry. The temporary employees transitioning to regular full-time status will see medical plan cost-share improvements, the addition of dental and vision coverage, company contributions into their 401(k) plans, profit sharing and life insurance coverage.

General Motors employs more total U.S. workers than any other auto manufacturer and has invested more than $29 billion in its U.S. manufacturing operations over the last 10 years. According to the Center for Automotive Research, since 2010 GM has accounted for more than one dollar of every four invested by automakers in the U.S.

"Today's announcement affirms GM's continuing commitment to building a strong U.S. manufacturing base," added Kienle.

General Motors (NYSE:GM) is a global company committed to delivering safer, better and more sustainable ways for people to get around. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Chevrolet, Buick, GMC, Cadillac, https://www.holden.com.au/?evar25=gm_media_releaseBaojun and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety and security services, can be found at https://www.gm.com.

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SOURCE General Motors Co.

FAQ

What is GM's recent announcement regarding employee status?

GM announced the transition of over 650 temporary employees to regular full-time employment in January 2021.

How many sites are affected by GM's employee transition?

The transition affects nine manufacturing sites across four states: Michigan, Indiana, Texas, and Missouri.

What benefits will the employees receive after transitioning to full-time?

Employees will receive enhanced wages, profit-sharing, improved healthcare benefits, and 401(k) contributions.

How much has GM invested in U.S. manufacturing in the last decade?

GM has invested over $29 billion in its U.S. manufacturing operations in the past 10 years.

When did GM's transition of temporary employees take place?

The transition took place in January 2021.