The automaker has said it is trying to eliminate 15 percent of the costs associated with its white-collar work force in the U.S.
and Canada by Nov. 1. Wilkinson says GM executives received an update on the buyouts on Wednesday.
He also says the company is temporarily suspending company matching of its 401(k) program as of Nov. 1. He says GM is suspending tuition reimbursement and adoption assistance programs as of the end of this year.
