trending:

sponsored:

Just In

my link text Load more
News

1600 layoffs at GM

by Jeremy P. Jacobs - 04/20/09 10:00 AM ET
by Jeremy P. Jacobs - 04/20/09 10:00 AM ET

Looks like more bad news for General Motors: The embattled auto company is planning to lay off 1,600 employees this week.

Bloomberg reports that the layoffs are part of 3,400 salaried positions they must cut as part of companies restructuring.

In other news, the company says it is going forward with plans to build a factory in China even as it closes plants in the U.S.

jeremy.jacobs@digital-staging.thehill.com

Tags Business Company Layoffs Company Reorganization Employment Employment compensation Euphemisms General Motors Human resource management Labor Labour law Layoff Offshoring Termination of employment Transport

Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed..

 

Main Area Top ↴

Testing Homepage Widget

More News News

See All

See All

 

Main Area Middle ↴
Main Area Bottom ↴

Top Stories

See All

See All
Sidebar Top ↴

Most Popular

  1. Marjorie Taylor Greene stumps for Steve Bannon as he reports to prison
  2. Stock market today: Asian shares are mixed after Wall St records despite tariff ...
  3. Canadian officials blast Trump’s tariff threat and one calls Mexico ...
  4. Thanksgiving travel is cranking up. Will the weather cooperate?
  5. Stock market today: Wall Street hits records despite tariff talk
  6. Small business owners breathe easier over labor costs after decision to strike ...
  7. Federal Reserve officials signal cautious path for rate cuts amid still-high ...
  8. It’s almost time for Spotify Wrapped. When can you expect your 2024 recap?
  9. The IRS is at risk of losing $20 billion in funding without legislative ...
  10. US consumer confidence ticks higher on better outlook for hiring
  11. Federal agency raises the size of most single-family loans the government can ...
  12. Best Buy posts another quarterly sales drop while Kohl’s sees slump deepen
  13. Trump’s latest tariff plan aims at multiple countries. What does it mean for ...
  14. Eggs are available — but pricier — as the holiday baking season begins
  15. Interpol clamps down on cybercrime and arrests over 1,000 suspects in Africa
  16. What is the EU-Mercosur trade agreement and why does it matter?
  17. Newsom says California could offer electric vehicle rebates if Trump eliminates ...
  18. Kohl’s names Michaels CEO Ashley Buchanan to assume top job, effective Jan. 15
Load more

 

Sidebar Middle ↴
Sidebar Bottom ↴

Video

See all Video