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General Motors Cuts More 4000 Employees As Its Restructuring Plan

General Motors Cuts More 4000 Employees As Its Restructuring Plan
Written by Vincent Wilmot

American car giant General Motors has once again hit a round of job cut in its workforce where in it has cut more than 4000 jobs as a part of its restructuring plan. GM has consistently been into news from past couple of months for its massive overall restructuring of the company. It has terminated the operations at 5 of its manufacturing facilities across the United States as well as Mexico. The company has been considering Electric Vehicles as a new era of automobiles for a long time because of which it has been making every possible attempt to shift its focus towards the manufacturing of Electric Vehicles.

The company intends to shrink down its overall white collared manpower by 15% across North America where there are a total number of 54000 workers. It has been reported that the company is cutting the jobs in multiples of hundreds at its IT centers that are located in Michigan, Arizona, Georgia, and Texas. GM has also cut 1000+ jobs at the tech centers located in Michigan and Warren. The company has informed the lawmakers about the job cuts and has handed the layoff notices to the state agencies.

One of the largest car manufacturers in the world had declared in the month of November that it is willing to cut more than 15% of its workforce followed by the termination of the production operations at 5 of its manufacturing facilities in the United States and Mexico. The company has also cut 1500 workers that were working on contractual basis. It also carried out buyout program where in 2300 workers who were working on salary basis have surrendered to the same. A spokesperson of GM has said in its statement that the current decisions of job cuts are important for securing the company’s future.

About the author

Vincent Wilmot

Vincent Wilmot has been working with us for 2 years and with his hard work and efforts has earned the position of Senior Content Writer in a short span. He handles the content and news reporting of Business world; right from the latest trends, to mergers & acquisitions, to news and much more. In spare time, Vincent likes to go play with the share market numbers along with enjoying trekking and hiking with his friends.

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