Tuesday 27 November 2018

GM is reinventing itself, closing plants and cutting 15% of its salaried workers

GM is reinventing itself, closing plants and cutting 15% of its salaried workers

General Motors on Monday announced a major restructuring of its global business, saying it will shut production at five facilities in North America and slash its staff. GM will reduce its salaried workforce by 15%, including a quarter of the company's executives. The moves are the first big steps in the century-old GM's transformation. The company is reinvesting money away from cars that once dominated America's roadways and putting it into technology it believes will power its future.
Read more: https://www.cnn.com/2018/11/26/business/gm-oshawa-plant/index.html?source=Snapzu

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