GM lays off 1,000 employees amid reorganization, cost-cutting [MSNBC.com]
General Motors Company (GM)
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Source: MSNBC.com
In this articleThe logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021.Rebecca Cook | ReutersDETROIT –The layoffs, which were announced Friday morning to those impacted, were across the business. Some were due to poor performance, while others were part of a review to reorganize priorities by the automaker, according to the person, who agreed to speak about the decision on the condition of anonymity.A majority of the employees impacted were in suburban Detroit at the automaker's global technical center in Warren, Michigan, the person said. A small number of hourly employees were included in the layoffs.The company is targeting $2 billion in fixed cost reductions this year as it deals with slowing U.S. sales, businessdeterioration in China"all-in" strategyStock Chart IconStock chart icon, Ford and Stellantis stocks.A spokesman for confirmed the layoffs but declined to disclose the total amount."In order to win in this competitive market, we need
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News
- General Motors lays off about 1,000 workers, cutting costs to compete in a crowded automobile market [Los Angeles Times (CA)]Los Angeles Times
- General Motors lays off about 1,000 workers, cutting costs to compete in a crowded automobile market [Yahoo! Finance Canada]Yahoo! Finance Canada
- Could the flux capacitor solve hydrogen storage on Class 8 trucks? [Yahoo! Finance]Yahoo! Finance
- GM lays off 1,000 employees for second time in three months [Yahoo! Finance]Yahoo! Finance
- GM cuts 1,000 jobs globally, mostly salaried but some hourly, in move to gain efficiency [Yahoo! Finance]Yahoo! Finance
GM
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- 10/22/24 - Beat
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- 11/12/24 - Form 4
- 11/12/24 - Form 144
- 11/8/24 - Form 4
- GM's page on the SEC website