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GM Buyout Deadline Is Here

Today is the deadline for General Motors salaried workers who have been offered buyouts.

The automaker announced on October 31st that if was offering a voluntary severance program to its 18-thousand salaried employees in North America who have 12 or more years experience.

Analysts say GM is now as much a tech company as it is an auto company and that younger-more tech-savvy workers are being sought.

They point out that the skills of current employees are becoming outdated on a continuing basis.

The changes are coming as the automaker is moving quickly into electric, fuel cells and self-driving cars.

But the buyouts, in addition to dealing with a world of the future, is also a move of cutting costs.