GM to Slash 14,000+ Jobs from North American Workforce
Updated On: Nov 26, 2018
Nov. 26, 2018| ECONOMY | In the most far-reaching shake-up since the company emerged from bankruptcy more than eight years ago, General Motors will shutter three North American assembly plants and two other facilities, while also eliminating 15 percent of its salaried and salaried contract workforce, moves that together will cost an estimated 14,700 jobs. Included on the chopping block are powertrain plants in Warren, Michigan, and Baltimore, Maryland. The plant closures are scheduled to take place in what will already be a tense environment… NBC NewsRelated: According to GM, tariffs on steel have cost the company $1 billion.