General Motors 2012 Annual Report Download - page 158

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GENERAL MOTORS COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
car voucher. This may range up to $70 million and will be included in our restructuring liability, net of existing liabilities, upon
irrevocable acceptance by both parties.
GME recorded charges, interest accretion and other of $254 million for previously announced separation and early retirement
programs. Through December 31, 2012 the active separation programs related to Germany and the United Kingdom had a total cost of
$400 million and had affected a total of 2,550 employees, of which $310 million related to a program initiated in Germany in 2010.
This program was essentially completed in 2012. We expect to complete the active programs in 2013 and incur an additional $200
million, which will affect an additional 700 employees.
GMIO recorded charges, interest accretion and other related to voluntary separation programs primarily in Korea and Australia.
Through December 31, 2012 these programs had a total cost of $69 million which affected 650 employees. We expect to complete the
programs in GMIO in 2013 and incur up to an additional $40 million, which will affect up to an additional 200 employees.
GMSA recorded charges of $87 million for employee separation costs related to a separation program in Brazil.
Year Ended December 31, 2011
GMNA recorded charges, interest accretion and other and revisions to estimates primarily related to special attrition programs for
skilled trade U.S. hourly employees, service cost for hourly layoff benefits and Canadian restructuring activities.
GME recorded charges, interest accretion and other for separation programs primarily related to previously announced programs in
Germany. Restructuring and early retirement programs in Spain, the U.K. and Belgium were essentially completed in 2010 and we
also initiated a program in Germany in 2010. Through December 31, 2011 these programs had a total cost of $1.1 billion and affected
a total of 6,700 employees and included the December 2010 closure of the Antwerp, Belgium facility.
GMSA recorded charges, interest accretion and other for separation programs primarily related to the voluntary separation program
in Brazil implemented in the three months ended December 31, 2011. A total of 900 employees in Brazil participated in the separation
program at a total cost of $74 million.
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.
General Motors Company 2012 ANNUAL REPORT 155