General Motors 2010 Annual Report Download - page 255

GENERAL MOTORS COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Old GM
GMNA recorded charges, interest accretion and other, and revisions to estimates of $1.5 billion in the period January 1, 2009
through July 9, 2009 for separation programs related to the following initiatives:
• Postemployment benefit charges in the U.S. of $825 million related to 13,000 hourly employees who participated in the 2009
Special Attrition Programs.
• SUB and TSP related charges in the U.S. of $707 million, recorded as an additional liability determined by an actuarial
analysis at the implementation of the SUB and TSP and related suspension of the JOBS Program.
• Revisions to estimates of $401 million to decrease the reserve, primarily related to $335 million for the suspension of the
JOBS Program and $141 million for estimated future wages and benefits due to employees who participated in the 2009
Special Attrition Programs; offset by a net increase of $86 million related to Canadian salaried workforce reductions and other
restructuring initiatives in Canada.
• Separation charges of $250 million for a U.S. salaried severance program to allow 6,000 terminated employees to receive
ongoing wages and benefits for up to 12 months.
• Postemployment benefit charges in Canada of $38 million related to 380 hourly employees who participated in a special
attrition program at the Oshawa Facility.
GME recorded charges, interest accretion and other, and revisions to estimates of $31 million in the period January 1, 2009 through
July 9, 2009 primarily related to separation charges for early retirement programs and additional liability adjustments, primarily in
Germany.
GMIO recorded charges, interest accretion and other, and revisions to estimates of $27 million in the period January 1, 2009
through July 9, 2009 primarily related to separation charges in Australia of $19 million related to a facility idling. The program affects
employees who left through December 2009.
GMSA recorded charges, interest accretion and other, and revisions to estimates of $47 million in the period January 1, 2009
through July 9, 2009 related to voluntary and involuntary separation programs in South America affecting 3,300 salaried and hourly
employees.
GMNA recorded charges, interest accretion and other, and revisions to estimates of $2.5 billion in the year ended December 31,
2008 for separation programs related to the following initiatives:
• Postemployment benefit costs in the U.S. and Canada of $2.1 billion, which was comprised of $1.7 billion related to
previously announced capacity actions and $407 million for special attrition programs.
• Revisions to estimates that increased the reserve of $320 million.
• Separation charges of $40 million for a U.S. salaried severance program, which allowed terminated employees to receive
ongoing wages and benefits for up to 12 months.
GME recorded charges, interest accretion and other, and revisions to estimates of $286 million in the year ended December 31,
2008 for separation programs related to the following initiatives:
• Separation charges in Germany of $107 million related to early retirement programs, along with additional minor separations
under other current programs.
• Separation charges in Belgium of $92 million related to current and previously announced programs.
• Separation charges of $43 million related to separation programs and the cost of previously announced initiatives, which
include voluntary separations, in Sweden, the United Kingdom, Spain and France.
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