Sunday, 17 February, 2019

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

GM Will Start Laying Off More Than 4,000 Workers on Monday Report: GM set to begin 4,000 white collar layoffs on Monday
Laurie Berry | 04 February, 2019, 23:23

General Motors began involuntary layoffs on Monday in Detroit, with about 4,300 white-collar workers among those affected across North America.

A statement from GM Canada to the Toronto Sun stated reductions in salaried workers were announced as part of their November 26 restructuring plans, and that these layoffs would begin in the first quarter of 2019.

For the next week, GM will be handing out pink slips at all of its North American facilities and even some overseas.

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

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.

"This is about making sure that GM is lean and agile", CEO Mary Barra said in announcing the cuts November 26.

The Instagram egg's creator has been revealed
At the time of writing, the original world_record_egg post (there are now five posts to the account) has over 52 million likes. Chris Godfrey, a London-based advertising employee at The & Partnership, was also unmasked as the egg's creator .

General Motors is also undertaking a 25% reduction in its executive workforce worldwide.

"We are not confirming timing", he added.

Trump is due to tout his economic successes on Tuesday during the annual State of the Union address to Congress.

Starting Monday, the job cuts will begin for salaried employees as GM seeks to eliminate 8,000 jobs by the end of this month, the Detroit News and Detroit Free-Press reported. More than 6,200 jobs are at stake.

The company said last October that it would offer buyouts to 18,000 workers with more than 12 years with the company across its North American operations as part of cost-cutting efforts.

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

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