Monday, 22 April, 2019

General Motors axes thousands of salaried workers Monday

GM's involuntary layoffs start Monday at least 4,000 workers expected to lose jobs The Detroit automaker could layoff thousands of white-color workers as early
Russell Knight | 04 February, 2019, 23:23

General Motors confirmed to CBS News it started a major round of involuntary layoffs Monday that will cut about 4,000 white-collar jobs from its payrolls.

The largest US automaker announced in November it would cut a total of about 15,000 jobs and end production at five North American plants.

The layoffs are part of GM's effort to cut 8,000 positions from its salaried and contract workforce to boost cost efficiencies and prepare for changes in the industry. That money will then be used to invest in new technology, including electric and self-driving cars as well as a ride sharing service.

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.

We've been expecting layoffs at General Motors since November, 2018.

GM also said in November that it planned to close five vehicle plants, four in the US and one in Canada.

Gladys Knight’s Super Bowl national anthem costs betting company dearly
Knight appeared to conclude " The Star-Spangled Banner " with a brief "the brave" at about 1:49 (many sites had set the over/under at 1:50).

Nine EU states recognise Guaido as Venezuela's president, increasing pressure on Maduro
Sanchez added he wanted to spearhead a plan of humanitarian aid for Venezuela in the European Union and United Nations. Guaido says up to 300,000 people are "at risk of death" in Venezuela for want of humanitarian aid.

Liverpool's Gomez to have leg surgery
Until then, you have to gain points and gain points and get as much as possible and then we will see where we are when the decision will be made".

Trump, who made a 2017 speech near GM's Lordstown Assembly plant in OH, said in November the company had "better" find a new product for that plant.

The automaker also is working with Canadian universities and government officials to assist some 3,000 workers affected by the closure of an Ontario plant, a GM spokesman said.

But the move enraged Trump, who repeatedly lambasted GM CEO Mary Barra over the decision.

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

With the restructuring, GM is expected to save about $6 billion by 2020, according to the Detroit News. More than 6,200 jobs are at stake.

GM is expected to release its fourth-quarter earnings report on Wednesday.

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