Mayhem Has Engulfed This Distant French Territory
New Video of Scottie Scheffler's Arrest Paints a Very Different Picture
Comedian Takes Aim at San Francisco's Anarchic Tendencies
You Have to Be an Exceptionally Bad President to Lose Silicon Valley
The $400 Pineapple Is Now Sold Out in the US
The High Art of Virtue Signaling
Video Captures Illegal Immigrants Throwing Rocks, Sand at Border Patrol Agents
Half of UCLA Med School Students Fail Basic Tests Thanks to DEI Push
Liberal Outlet Censors Sen. John Kennedy's Op-Ed On Protecting Women’s Sports Due To...
Look What's Come Back to Haunt Hunter Biden at His Gun Trial
Opposition to U.S. Steel Deal is Misguided and Counterproductive
Red States Could End Up Paying for Blue States’ Climate Policies
As AZ Democrats Panic Over the ‘Secure the Border Act,’ Republicans Should Keep...
EVs Should Only Be for Consenting Adults
FIFA Is Latest Target of Palestinian Hijacking
Tipsheet

GM Will Begin Massive Layoffs. Here's How Many Jobs Are Being Axed.

General Motors plans to lay off 4,000 salaried works beginning Monday, CNN reported. This is part of the company's previously announced 15 percent workforce reduction that was announced back in November. Along with letting workers go, GM is also closing four manufacturing plants in the United States and another in Canada.

Advertisement

The company made the decision as part of a strategic move to free up $6 billion annually. That money will then be used to invest in new technology, including electric and self-driving cars as well as a ride sharing service. By making these cuts, GM believes they can save $2.5 billion in 2019 and a total of $6 billion by next year.

When GM CEO Mary Barra made the announcement, she met with legislators on Capitol Hill about why her company planned to close four American plants. At the time, legislators from those states were upset with the decision. 

"Reminds me of a race to the moon but this commands and inspires the innovation agenda to create jobs and lead industrial global economy," Rep. Haley Stevens (D) said during the meetings. "At same time, unions need bigger seat at table and we need a plan to address painful job loss."

Advertisement

GM hasn't said exactly when the other 2,000 salaried and contract jobs will be cut, although it will happen sometime this month.

"We are not confirming timing," General Motors told The Detroit News in a statement. "Our employees are our priority, and we will communicate with them first."

Automotive industry outlets, including Automotive News, has referred to Monday's layoff plan as "Black Monday," which are expected to begin at 7:30 a.m. and continue throughout the day.

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement