DETROIT (Michigan News Source) – In order to trim costs as it transitions to electric vehicles, General Motors is offering buyouts to most of its U.S. salaried workforce and some global executives.

The Detroit automaker confirmed the move is aimed at accelerating attrition to meet a previously announced goal of $2 billion in cost cuts by the end of next year.

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GM has not mentioned how many workers its buyout measure is targeting, but the automaker boasts roughly 58,000 salaried workers in the U.S.

The company says the offers also are designed to avoid any possible firings at a later date. Offers will go to white-collar workers with at least five years of service, and global executives with who have been with the company at least two years.

U.S. salaried workers are being offered one month of pay for every year of service, up to 12 months. They’ll also be offered health COBRA health care and part of the bonuses they would receive this year.