NEW YORK: General Motors is expected to lay off about 4,000 salaried workers under a reorganisation announced late last year, a person familiar with the matter said Friday. GM is expected to lay off about 4,000 salaried as part of a cost-cutting plan announced in November. Media reports estimated the total job cuts of salaried staff and union workers at about 14,000, including about 6,000 union workers. About 2,300 salaried workers opted for voluntary buyouts, while another 1,500 contract staff were let go, said the source, who described the estimate of 4,000 laid off salaried staff as reasonable. GM officials have said they expect to add 2,700 jobs at various US factories across and that US union staff would be offered transfers.

Source: Bangkok Post February 01, 2019 23:15 UTC