GM To Cut Jobs
(Detroit, MI) — General Motors reportedly plans to cut its workforce by 15-percent in a massive companywide restructuring. The automaker said five plants will stop production in 2019, in Michigan, Maryland, Ohio and in Ontario, Canada. The company’s executive staff will also be cut by 25-percent. A GM official told the Los Angeles Times the move prepares the company for the next economic downturn, shifting trade agreements under the Trump administration, and potential tariffs on imported automobiles.
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Jared Schaefer/jm MI) OH) MD)
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11-26-2018 09:09:09