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GM white-collar cuts being made over two weeks

Published 02/04/2019, 03:05 PM
© Reuters.  GM white-collar cuts being made over two weeks
GM
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  • General Motors (GM +0.1%) confirms that it is cutting about 4K salaried positions over the next two weeks in location-by-location actions.
  • The highly-anticipated job eliminations are part of the automaker's broad restructuring program to lower costs and shift resources to the EV and AV programs.
  • Sources tell the Detroit Free Press that the slow roll of GM job cuts has raised the anxiety levels in the various corporate offices.
  • Previously: Black Monday expected at GM (Feb. 2)
  • Now read: Farewell To A Disappointing Year, When Nothing Much Worked


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