GM to start laying off 4,000 salaried workers on Monday

Irving Hamilton
February 4, 2019

General Motors is expected to start a new round of layoffs on Monday, cutting over 4,000 white-collar jobs, according to a report.

A statement from GM Canada to the Toronto Sun stated reductions in salaried workers were announced as part of their November 26 restructuring plans, and that these layoffs would begin in the first quarter of 2019.

GM announced the layoffs in November at the same time it also revealed it also would close four of its plants in the United States and a fifth plant in Canada.

Michigan - Warren Transmission: Produces 6-speed transmissions for vehicles across GM's brands, as well as drive units for several electrified vehicles.

The layoffs are part of a restructuring effort pushed by GM that is said to eliminate upwards of 15 percent of the company's workforce (14,000 positions) to "accelerate its transformation for the future".

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The automaker says it has largely completed salaried job cuts in Canada, and most of those threatened with layoff here have accepted an incentive package to leave.

Trump, who made a 2017 speech near GM's Lordstown Assembly plant in OH, said in November the company had "better" find a new product for that plant.

Trump has said that he let GM CEO Mary Barra have it during a telephone call in which he was "very tough". President Donald Trump plans to deliver the annual State of the Union address a day earlier on Tuesday.

Numerous layoffs will happen at GM's technical center near Detroit.

The company had about 2,300 salaried staff accept voluntary buyout packages that were offered to 18,000 employees.

Analysts expect lower earnings when GM reports financial results on Wednesday.

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