gm to cut thousands of us jobs as it looks to scale down production
Thursday 30 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 08:14 2012 Wednesday ,14 March

Park Inn by Radisson Muscat awarded

GMT 12:35 2011 Monday ,28 November

Egypt U-23 victorious in Marrakech

GMT 11:56 2012 Friday ,02 March

Nationwide: house prices up by 0.6% in Feb

GMT 11:42 2017 Thursday ,10 August

VP attends Oaks stakes at Epsom Downs Racecourse

GMT 11:45 2016 Monday ,27 June

Ireland take suprise halftime lead over France

GMT 09:13 2017 Friday ,29 December

Bitcoin falls on S.Korea curbs

GMT 14:56 2017 Tuesday ,26 December

Oman shares end lower amid thin trading

GMT 09:03 2017 Saturday ,16 December

Saudi to open a new export bank

GMT 19:50 2015 Monday ,23 February

170,000 job opportunities provided since March 2013

GMT 10:59 2013 Monday ,02 December

Water decontamination system in trouble

GMT 18:50 2012 Monday ,20 February

Ryder to take on SA after injury

GMT 07:40 2017 Wednesday ,29 November

Small Catalan companies tempted to relocate

GMT 13:19 2017 Sunday ,22 January

Oman shares rise on improved trading activity

GMT 15:37 2018 Sunday ,25 November

Fahm Al Salami hails Bahrain's successful polls

GMT 11:40 2018 Wednesday ,26 September

Government Treasury Bills issue 1723 oversubscribed

GMT 23:58 2011 Thursday ,08 September

One day

GMT 11:13 2016 Monday ,04 July

Eid in UAE demonstrates customs, traditions

GMT 21:26 2016 Thursday ,01 September

US journalist Lindsey Snell detained in Turkey

GMT 01:49 2017 Saturday ,28 January

6 years after uprising, El-Sisi’

GMT 10:44 2016 Thursday ,13 October

Coke, Pepsi fund health groups but fight them too

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