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25% discount
26.11.18 17:51
Switch to electric cars – 25% reduction of executive jobs – increase in inventories.
General Motors wants to close several factories with conversion to electric cars and significantly reduce staff. By the end of 2020, one would need to save six billion dollars annually (5.3 billion euros), announced Monday the largest US automaker. Costs are expected to decrease by $ 4.5 billion and investments by $ 1.5 billion annually.
Staff reduction of 25%
A total reduction of 15% of jobs will accompany a 25% reduction of all executive jobs. The billions in restructuring costs must be financed by credit. "We are adapting the ability of reality to the market," said Mary Barra, director of GM. The investment priority would have platforms for the next generation of electric battery cars.
This is explained by the sharp drop in US limousine demand and by rising costs, such as the higher import tariffs on steel adopted by US President Donald Trump. . General Motors shares rose more than five per cent on the stock market.
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