Published: Mon, February 04, 2019
Money | By Ralph Mccoy

General Motors acknowledges start of 4,000 layoffs of salaried workers

General Motors acknowledges start of 4,000 layoffs of salaried workers

General Motors will begin handing out the first of 4,250 pink slips to its salaried workers on Monday.

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.

Company officials said Monday they are moving forward with the next chapter in the transformation plan by starting to lay off salaried workers.

"You know, the United States saved General Motors, and for her to take that company out of OH is not good", Trump said in November.

"The actions we are taking today continue our transformation to be highly agile, resilient and profitable while giving us the flexibility to invest in the future", Barra said.

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When GM CEO Mary Barra made the announcement, she met with legislators on Capitol Hill about why her company planned to close four American plants.

About 2,300 salaried workers opted for voluntary buyouts, while another 1,500 contract staff were let go, said the source, who described the estimate of 4,000 laid off salaried staff as reasonable. But 2,700 US workers will be offered jobs at other factories. Of those volunteers, more than 700 employees have been offered and accepted transfer opportunities at truck, SUV and crossover-related operations, GM said.

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.

"All of them are impacted", Rothenberg said. Magna International Inc is also laying off about 120 people at its Lordstown Seating Systems plant that makes seats for GM vehicles.

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