The news is that Canadian GM management has decided to increased salaries for non-unionized white collar (read - management) employees. A few months ago all the employees "white" and "blue" took up to 10% pay cut, now it seems they are restoring only the white collar salaries, but not the blue-collar hourly wages! The original pay cut for everyone saved the company 50M$ a few months ago. This pay restoration now will cost the company similar amount of 50M$ dollar. The ratio of white collar (=management) to workers in Canadian GM is 1700:7500. Those numbers indicate that the "pay restoration" will actually amount to a significant pay increase for the management, probably four times their original pay cut. It is also possible to calculate the average manager's salary...
Source: Peterborough Examiner 19-Sep-2009
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