GM Will Start Laying Off More Than 4,000 Workers on Monday

Share
GM Will Start Laying Off More Than 4,000 Workers on Monday

GM also plans to close one Canadian and four US vehicle factories, shedding another 5,000 jobs.

The company announced in November it was shrinking it is ending production at five North American plants and eliminating about 15% of the company's salaried workers.

The cutbacks that GM says are created to help the company free up $6 billion for development of electric and self-driving vehicles and other industry innovations have been criticized by President Trump, whose base has been working-class middle America. In his rebuke of GM, Trump focused on the closures in OH, a state he won in the 2016 election.

He said the company would face punishment for the closures, which included a plant in Lordstown, Ohio, that Trump personally promised to revive during the 2016 campaign.

"You know, the United States saved General Motors, and for her to take that company out of OH is not good", Trump said in November.

Overall, Trump is presiding over a strong American economy.

There are also concerns of a slowdown in the market in the next couple of years.

The GM plants, which include about 6,000 hourly jobs, have yet to close, GM is moving ahead with the salaried staff reductions, a GM spokesman confirmed Friday. That's in line with what company sources told Automotive News, which first reported the timing, last week.

The automaker says it has largely completed salaried job cuts in Canada, and most of those threatened with layoff here have accepted an incentive package to leave.

Two people briefed on the cuts said GM is cutting hundreds of jobs at its information-technology centres in Texas, Georgia, Arizona and MI and more than 1,000 jobs at its Warren, Mich. tech centre. Another 1,500 contracted employees are said to have not been offered an extension or renewal on their contracts.

GM will report financial results on Wednesday and lower earnings are expected.

Share

Advertisement

Related Posts

'Gilets jaunes' hold 12th weekend of protests, denounce police violence
Chanting anti-government slogans, they were heading toward the Place de la République , in the northeast of the city center. Some of the protesters injured by riot police were on the frontlines of Saturday's march in Paris .

Trump will call for unity in today's State of the Union address
One that is expected to be announced is a new initiative aimed at ending transmissions of HIV by 2030. Another Democratic star, Stacey Abrams, will deliver the party's response to Trump.

Government offered Nissan up to £80m to build new cars in UK
We established the Office for Low Emission Vehicles to support the early market for ULEVs and have committed more than £600 million between 2015 and 2020 to this aim.

Kids are using an unhealthy amount of toothpaste, CDC warns
The CDC also noted that almost 80% of the children studied started brushing their teeth later than recommended. Young kids may push for independence in brushing their teeth, but kids' toothpaste tastes sweet.

New Zealand Double at HSBC Sydney Sevens
Tom Bowen scored two tries for England before Will Muir added a third, with captain Tom Mitchell converting two of the three. New Zealand earlier beat France 28-5 in the quarterfinals, after going through pool play unbeaten.

New CAPTAIN MARVEL Trailer Takes Us Higher
Rumors are brewing among Marvel fans who believe the studio is going to extreme lengths to keep Avengers: Endgame spoilers at bay. It opened with Larson's character on an airfield preparing to climb aboard a fighter jet before a series of action-filled clips.

India’s predicted playing XI for the 1st T20I against New Zealand
However, Rohit rotated his bowlers wisely, thus not allowing the New Zealand batsmen to settle down. He has been great in T20Is and would look to replicate his performance against New Zealand .

Becky Lynch Attacks Stephanie McMahon After Getting Suspended
An irate Becky Lynch pounced on the Billion Dollar Princess from behind and attacked Stephanie in the turnbuckle area. The short-term build to WrestleMania will apparently go on without Becky Lynch .

EU Official Raises Prospect Of No-Deal Brexit After Meeting With MPs
Carmakers are particularly concerned about Brexit because they rely on complex supply chains of parts from multiple countries. Several said they were frustrated that her plan to avoid a hard border and disruption to trade remained unclear.

Earth May Lose Its Blue Colour by 2100: MIT Study
But chlorophyl is just one of many variables that influence the ocean's color. As the colors change, so too does the sea of life beneath.

© 2015 ExpressNewsline. All Rights reserved.