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GM to lay off about 4000 salaried workers

05 February, 2019, 03:58 | Author: Sara Gill
  • GM Will Start Laying Off More Than 4,000 Workers on Monday

General Motors Co said on Monday that it was starting to hand pink slips to about 4,000 salaried workers in the latest round of a restructuring announced in late November.

Beyond the salaried workers who face job cuts, another 6,000 hourly workers at the five plants could still find their positions in jeopardy because of the restructuring.

GM CEO Mary Barra first announced the company's intent to fire a massive number of its employees in November 2018.

That leaves the remainder of the 8,000 planned job cuts to be accomplished with the involuntary layoffs.

Workers told the Free Press they were anxious about the job cuts.

Each employee, according to Morrissey, will be given a severance package based on their years of employment. For executives that was equal to their pay for a year, while nonexecutives received six months' pay.


It will indeed be a Black Monday for thousands of North American GM employess. "We will be providing that information to our employees through the job placement services".

Layoffs start Monday in the 15-percent reduction in white collar jobs in North America.

Plants in Baltimore, Maryland, and the suburban Detroit community of Warren, Michigan, which make powertrain components, have no products assigned to them after 2019 and are at risk of closure.

GM (GM) is due to report financial results Wednesday and it is expected to report lower earnings.

'These actions are necessary to secure the future of the company, including preserving thousands of jobs in the USA and globally, ' GM spokesperson Pat Morrissey said, adding that the bulk of the cuts should be completed within the next two weeks.

While Wall Street has praised the actions as proactive ahead of a potential industry downturn, the company has faced mounting pressure from the UAW, politicians and the Canadian union Unifor, which launched a media campaign against the company.

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