Unfortunate news comes to nearly 4,000 families recently, as General Motors begins cutting just as many jobs from their United States and Canada locations.
Throwing this in with a similar announcement to close down three plants last November, GM has closed over 14,000 different jobs in the last few months.
According to Chairman and CEO Mary Barra, this is all part of an overall plan to save the company around $3 billion by the end of 2019 and $6 billion by the end of 2020. Their need to decrease expenses comes from heavy investments into new technologies such as electric and self-driving cars, as well as a decline in consumer interest in sedans.
A source for NBC News claims that GM originally offered voluntary buyouts for their employees, aiming to release 17,700 positions total. They claim that the take-up rate on the offer was slow, but has increased drastically over the last few weeks.
Our sympathies go out to anyone affected by this change.
GM Cuts 4,000 More Jobs in The U.S. And Canada
Posted By: LizardRock | 0 Comment(s) Posted On: Feb 05, 2019 @ 03:06 PM