November 26, 2018

DONALD WHO?:

G.M. to Idle Plants and Cut Thousands of Jobs as Sales Slow (Neal E. Boudette and Ian Austen. Nov. 26, 2018, NY Times)


General Motors said Monday that it planned to idle five factories in North America and cut more than 14,000 blue-collar and salaried jobs in a bid to trim costs.

The action follows similar job-cutting moves by Ford Motor in the face of slowing sales and a shift in consumer tastes, driven in part by low gasoline prices.

The five G.M. plants will halt production next year, resulting in the layoff of 3,300 production workers in the United States and about 3,000 in Canada. The company also aims to trim its salaried staff by 8,000.

Posted by at November 26, 2018 3:18 PM

  

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