GM expected to start laying off about 4000 workers on Monday

GM expected to start laying off about 4000 workers on Monday

"This is about making sure that GM is lean and agile", CEO Mary Barra said in announcing the cuts November 26.

The cutbacks that GM says are created to help the company free up $6 billion for development of electric and self-driving vehicles and other industry innovations have been criticized by President Trump, whose base has been working-class middle America.

General Motors Co. on Monday confirmed thousands of internal salaried job cuts are starting today and expected to take several weeks to complete. In his rebuke of GM, Trump focused on the closures in OH, a state he won in the 2016 election.

Trump has said that he let GM CEO Mary Barra have it during a telephone call in which he was "very tough".

The plants include the scheduled closure of Oshawa Assembly in Canada by year end and the potential closure of Lordstown Assembly in Ohio, Detroit-Hamtramck Assembly and two powertrain operations in Pontiac and Maryland. "You don't know if you should plan ahead for anything or not?"

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The exact timing of these layoffs remains unclear, however. Friday's job report beat expectations, showing more than 300,000 jobs were created last month. Sources say that at least 8,000 salaried and contract positions will be cut in February.

Industry trade journal Automotive News learned the lay-offs are part of an on-going restructuring effort envisioned as a way to make GM a leaner, more efficient, and more profitable company.

Of the 18,000 staff members who were offered a voluntary buyout package, reportedly only 2,300 employees accepted the offer.

Contacted by Reuters, two people familiar with the matter said GM is eliminating hundreds of jobs from the technology centers in Michigan, Arizona, Texas, and Georgia.

GM (GM) is due to report financial results Wednesday and it is expected to report lower earnings.

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