General Motors to lay off over 1000 workers in US
The Detroit-headquartered company is eliminating the third shift at its Lansing Delta Township plant which makes three SUVs built on the same platform -- the Chevrolet Traverse, the Buick Enclave and the GMC Acadia.
The US' largest automaker General Motors today said it will lay off 1,100 workers at an assembly plant in Michigan, the fourth cut in its workforce since November last year.
The Detroit-headquartered company is eliminating the third shift at its Lansing Delta Township plant which makes three SUVs built on the same platform -- the Chevrolet Traverse, the Buick Enclave and the GMC Acadia.
But the new version of the Acadia is being built on a smaller platform, so production of that car moved to a Spring Hill, Tennessee plant last summer.
The company has been scaling back production and employment due to lower US sales.
In November, General Motors said it was eliminating the third shift at the nearby Lansing Grand River plant, as well as at the Lordstown Ohio plant.
Those layoffs, which were the first US job cuts announced by General Motors since 2010, took place in late January.
Then in December, it announced plans to eliminate the third shift at its only remaining facility within Detroit city limits - the Detroit Hamtramck plant.
The four rounds of layoffs will cut a total of 4,400 jobs.
The company employed 105,000 people as of the end of last year. However, it still has more US employees now than it did in 2015, when it employed 97,000 workers.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
08:31 AM IST