General Motors Begins To Layoff 4,000 American Workers
General Motors will begin laying off 4,000 salaried workers on Monday, according to CNN.
GM said in November that it would eliminate 15 percent of its corporate workers and 25 percent of its executives and close as many as four manufacturing plants in the United States. The layoffs come as the company is trying to reduce costs and expenses by $6 billion before the end of 2020.
“The actions we are taking today continue our transformation to be highly agile, resilient and profitable, while giving us the flexibility to invest in the future,” GM Chairman and CEO Mary Barra said when the cuts were first announced. “We recognize the need to stay in front of changing market conditions and customer preferences to position our company for long-term success.”
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