logo
Plus   Neg
Share
Email

GM Reportedly To Start Laying Off More Than 4,000 Salaried Employees Monday

General Motors Co. (GM) will begin on Monday a weeks-long process of laying off about 4,250 salaried employees, according to the reports citing people familiar with the plans.

As part of a larger restructuring effort, GM will start salaried workforce reductions in earnest Monday, with more involuntary separations continuing through February, the reports said.

The layoffs are the latest move in a sweeping restructuring of the automaker's global operations. They include indefinitely idling five North American manufacturing plants later this year, expected to save the company up to $2.5 billion in 2019 and a total of $6 billion by 2020. The plants facing potential closure include Detroit-Hamtramck Assembly, Warren Transmission, Baltimore Operations and Lordstown Assembly in northeast Ohio.

GM largely will complete an ongoing effort to cut some 8,000 salaried and contract jobs this month, the source said. As part of its restructuring, the automaker also is cutting its global executive workforce by 25 percent.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
PCNA has recalled about 5,000 units of Spare 10,000 mAh Power Banks for possible fire and burn hazards, the U.S. Consumer Product Safety Commission said in a statement. These include 445 units sold in Canada. The company said the power bank's lithium-ion battery can overheat and ignite, causing fire and burn hazards. Hundreds of Amazon workers have openly criticized the company's record on climate change by intentionally defying a company-wide ban against speaking out. More than 350 employees of the e-commerce giant criticized the company's climate change policy in a Medium blog post Sunday, putting their jobs at risk for violating the company's corporate communications policy. Loneliness at the workplace is on the rise in America and is resulting in less productivity as well as lower retention levels, a new study showed. According to Cigna's 2020 Loneliness Index, three out of five adults, or 61 percent, consider themselves lonely. This represents a seven percentage point increase from 2018. The study surveyed more than 10,400 adults.
Follow RTT
>