GM cuts more than 10,000 Financial jobs

In total, GM cuts more than 10,000 jobs. This affects about 15% of all employees, including a quarter of all management positions. According to the manufacturer, major interventions are necessary to remain profitable. In addition, the company wants to be able to better meet the growing demand for electric cars through these measures.

The reorganization is expected to generate cost savings of approximately $ 6 billion. GM wants to invest this money, among other things, in the development of electric drive systems. "These measures allow us to invest in the future," said Mary Barra, chair of the board of directors.

Intervention

GM reported surprisingly good results in the last quarter. According to Barra, this is the moment to intervene. "We want to make sure we stay well positioned, and you can do it best if the company is still in good shape." "Employees at an Oshawa plant in Canada do not agree with this, they left their workplace on Monday, report their union Unifor via Twitter.

three assembly lines in Canada and the US and two propulsion systems plants in the US Previously, the general manager announced the closure of a plant in South Korea .The closure of two non-US plants GM has also announced its intention to stop producing some models of its brands Chevrolet, Cadillac and Buick