GM confirms 4,000 white-collar job cuts starting this week – CBS News

GM confirms 4,000 white-collar job cuts starting this week – CBS News

General Motors has confirmed to CBS News it started a major round of involuntary layoffs Monday that will cut about 4,000 white-collar jobs from its payrolls. The job reductions, part of GM’s previously announced plan to reduce its headcount by 15 percent, are coming after more than 2,000 employees accepted voluntary buyouts.

The job cuts are part of what GM describes as efforts to improve its operating efficiency. At the same time, the automaker is responding to Americans’ shifting preferences for SUVs and electric vehicles over traditional sedans. Yet its plans to cut thousands of jobs and close five plants sparked outrage late last year from President Trump and congressional Republicans and Democrats.

via GM confirms 4,000 white-collar job cuts starting this week – CBS News