General Motors 2011 Annual Report Download - page 168
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GENERAL MOTORS COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Year Ended December 31, 2010
GMNA recorded charges, interest accretion and other, and revisions to estimates primarily related to increased production capacity
utilization, which resulted in the recall of idled employees to fill added shifts at multiple U.S. production sites and revisions to
productivity initiatives, partially offset by Canadian restructuring activities.
GME recorded charges, interest accretion and other, and revisions to estimates for separation programs primarily related to the
following initiatives:
• Separation charges of $527 million related to the closure of the Antwerp, Belgium facility which affected 2,600 employees.
• Separation charges of $63 million related to separation/layoff plans and an early retirement plan in Spain which ultimately
affected 1,200 employees.
• Separation charges of $31 million related to a voluntary separation program in the United Kingdom.
• Separation charges of $95 million and interest accretion and other of $104 million related to a voluntary separation program in
Germany.
Period July 10, 2009 through December 31, 2009
GMNA recorded charges, interest accretion and other, and revisions to estimates for separation programs primarily related to the
following:
• The restructuring reserves were increased by $213 million due to an increase in the SUB and TSP accrual of $183 million
related to capacity actions, productivity initiatives, acquisition of Nexteer and four domestic facilities and Canadian
restructuring activities of $30 million.
• The salaried and hourly workforce severance accruals were reduced by $146 million as a result of elections subsequently made
by terminating employees. Such amounts were reclassified as special termination benefits and were funded from the U.S.
defined benefit pension plans and other applicable retirement benefit plans.
GME recorded charges, interest accretion and other, and revisions to estimates 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 primarily related to separation charges of $72
million for restructuring programs in Australia for salaried and hourly employees.
166 General Motors Company 2011 Annual Report