GM employees will have 20% of their pay deferred as the coronavirus pandemic hits the auto industry hard (GM)

8:15am PDT - March 27th, 2020    unemployment benefits - Business Insider

General Motors' 69,000 salaried employees worldwide will defer 20% of compensation, starting April 1, as the automaker contends with the COVID-19 coronavirus pandemic. Executives and senior leaders are taking a 25% and 30% reduction, respectively, and board m…