In becoming a leaner company, GM will get rid of nearly 7,000 of its white collar executives in the next 14 or 15 months, Mader said. There are currently about 35,000 executives.
GM has approximately 235,000 employees worldwide, Mader said. Only 91,000 are in the United States.
Retirees may also be hit. "The amount of non-qualified pensions for some executive retirees may be affected," Mader said. "They may go through a little suffering here."
As for the dealers, the hardest hit will be dealerships in rural areas with low volume. Next to suffer cuts will be the Cadillac dealerships. Right now, there are approximately three Cadillac dealerships for every one Lexus dealership, Mader said. Plans are to reduce that ratio to about 1.5 per Lexus dealership.
"Cadillac dealers are going to disappear very quickly," Mader said. And in many cases, they are the ones with the longest legacies.
"If anybody has been around for three or four generations, it's Cadillac dealers. "They once passed from father to daughter to son. It's coming to an end, shortly.
"The idea being a leaner company with less to support," Mader said.
GM has approximately 235,000 employees worldwide, Mader said. Only 91,000 are in the United States.
Retirees may also be hit. "The amount of non-qualified pensions for some executive retirees may be affected," Mader said. "They may go through a little suffering here."
As for the dealers, the hardest hit will be dealerships in rural areas with low volume. Next to suffer cuts will be the Cadillac dealerships. Right now, there are approximately three Cadillac dealerships for every one Lexus dealership, Mader said. Plans are to reduce that ratio to about 1.5 per Lexus dealership.
"Cadillac dealers are going to disappear very quickly," Mader said. And in many cases, they are the ones with the longest legacies.
"If anybody has been around for three or four generations, it's Cadillac dealers. "They once passed from father to daughter to son. It's coming to an end, shortly.
"The idea being a leaner company with less to support," Mader said.
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