gm to cut thousands of us jobs as it looks to scale down production
Friday 31 January 2025
Last Updated : GMT 09:07:40
Egypt Today, egypt today

GM to cut thousands of US jobs

GM to cut thousands of US jobs as it looks to scale down production

Egypt Today, egypt today

Egypt Today, egypt today GM to cut thousands of US jobs as it looks to scale down production

General Motors
Washington - DPA

General Motors is looking to scale down production in the United States, in a move that would affect thousands of factory and white-collar jobs at the carmaker.

"Actions are being taken to reduce salaried and salaried contract staff by 15 per cent, which includes 25 per cent fewer executives to streamline decision-making," GM said in a statement on Monday.

GM said the decision was taken to ensure cash flow and adapt to "changing market conditions and customer preferences." This will include shutting plants at up to seven locations.

The closures will affect five sites in the US and Canada as well as two outside of North America.

The move flies in the face of promises by President Donald Trump to increase manufacturing jobs. There are growing concerns his tariffs on steel and other goods will lead to rising costs.

Trump's chief economic advisor, Larry Kudlow, is due to meet the chief executive of GM, Mary Barra, broadcaster CNBC reported.

Speaking to reporters, Trump said "we have a lot of pressure on them" and that he has already spoken to Barra himself.

"This country has done a lot for General Motors," Trump said. "They better put something else in."

The carmaker expects to move fewer vehicles next year. In particular, it expects a drop in sales of sedans, as it moves to focus on hybrid and electric cars as well as trucks.

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

gm to cut thousands of us jobs as it looks to scale down production gm to cut thousands of us jobs as it looks to scale down production



GMT 12:30 2018 Friday ,14 December

Noriaki Kasai: 30 years of World Cup ski-jumping

GMT 09:30 2012 Thursday ,05 January

Singing sensations top list

GMT 09:37 2017 Thursday ,01 June

Actress Heidy Karam deals with her work

GMT 18:06 2012 Tuesday ,08 May

HONDA Civic

GMT 00:44 2011 Sunday ,25 December

Modern glass house

GMT 20:12 2013 Monday ,02 September

Peugeot 308 R Concept

GMT 06:28 2017 Monday ,04 September

King Salman highlights Saudi success

GMT 11:37 2016 Thursday ,29 December

India extends $2m grant to Jordan

GMT 08:00 2017 Tuesday ,28 March

Nadal wins in 1000th match, Raonic withdraws

GMT 11:28 2017 Sunday ,05 November

GCC chief condemns ballistic missile attack

GMT 07:33 2016 Friday ,15 April

Battle lines drawn as Britain squares up

GMT 12:00 2017 Wednesday ,18 January

Moyes frustrated by lack of options at Sunderland

GMT 11:35 2017 Thursday ,30 November

Evacuation centres, hotels fill up

GMT 16:22 2017 Wednesday ,15 November

MP refuses increasing transportation fees

GMT 07:49 2017 Thursday ,07 December

Ex-VW exec sentenced to seven years for 'dieselgate'

GMT 12:11 2012 Sunday ,26 February

More young migrants face destitution

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday