Advertisement

General Motors starting white-collar layoffs this week

General Motors starting white-collar layoffs this week

February 04, 2019 12:40 PM

DETROIT (AP) - General Motors is starting to lay off about 4,300 white-collar workers worldwide this week.
    
In November, the company said it wanted to cut 8,000 salaried and contract workers so it can raise profit margins and invest more in autonomous and electric vehicles.
    
The company says 2,200 white-collar employees took buyouts, while another 1,500 contract workers were let go.
    
Many of the layoffs will happen at GM's technical center near Detroit. Most work on components for internal combustion engines and discontinued car models.
    
GM also plans to close one Canadian and four U.S. car factories, shedding another 5,000 jobs. But 2,700 U.S. workers will be offered jobs at other factories.
    
GM says the layoffs are part of a restructuring will add up to $2.5 billion to its bottom line this year.

Advertisement – Content Continues Below

Credits

AP

Copyright 2019 The Associated Press. All rights reserved.

Advertisement
Relay Media Amp
Advertisement
Advertisement
Congressman Antonio Delgado holds town hall in Montgomery County

Schumer urges EPA to pick up the pace on clean drinking water standards

Man pleads not guilty in Troy girlfriend's stabbing death

Final defendant in Glens Falls manslaughter pleads guilty

Pretrial hearing adjourned for Schenectady mom accused of killing infant son

Advertisement