GM Will Begin Massive Layoffs. Here's How Many Jobs Are Being Axed

GM is expected to lay off about 4,000 salaried as part of a cost-cutting plan announced in November

GM is expected to lay off about 4,000 salaried as part of a cost-cutting plan announced in November

GM announced that 4,000 employees will be fired.

General Motors will begin laying off 4,250 salaried workers on Monday as part of the restructuring plans the company announced late previous year, two Detroit newspapers reported Friday.

Workers told the Detroit Free Press last week they have been anxious about the job cuts since GM announced them late past year.

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. The automaker said many Fortune 500 companies and other employers have expressed interest in hiring GM's laid-off employees.

"These companies are eager to begin the interview process and fill openings", the Detroit-based automaker said. "We will be providing that information to our employees through the job placement services".

Canadian retailer Sunrise Records buys HMV stores
The company collapsed into administration for the second time in six years in December putting 2,200 jobs at risk. Sports Direct billionaire Mike Ashley had been vying to take over the music chain but lost out.

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. Originally reported by The Detroit News, the report comes nine weeks after GM chose to halt production at five North American plants and began negotiations with the United Automobile Workers union. Production is scheduled to end at the plants throughout the year.

The job cuts and plant closings are part of ongoing cost reductions to free up $6 billion annually to invest in a new generation of autos, such as electric and self-driving vehicles.

The restructuring also includes the planned shutdown of the company's Oshawa Assembly Plant at a loss of about 2,600 unionized jobs and four other plants in the U.S.

'We are taking action now while the overall economy and job market are strong, increasing the ability of impacted employees to continue to advance in their careers, should they choose to do so'.

Latest News