General Motors is expected to lay off about 4,000 salaried workers under a reorganization announced late past year, a person familiar with the matter said Friday. It's also planning to shut down four manufacturing plants in the U.S. and one in Canada with more than 6,000 hourly workers.
The president said he was "very tough" on Barra in a phone call after the company announced the closures, and referred to the federal auto bailout money the company received in 2008.
GM said its decision to cut almost 14,000 jobs and idle five plants in North America will save $2 billion to $2.5 billion in 2019.
But on Friday a GM spokesman said the automaker had trimmed about 1,500 contract jobs, meaning about 4,000 more staff jobs will be cut, according to the Detroit Free Press. In a statement to AN, a spokesperson for the automaker said, "We are not confirming timing".
The cuts come after GM's November announcement of dramatic restructuring. The president pitched his tax plan as an incentive for corporations to expand their business and thereby share their tax-savings windfalls with workers.
Avengers: Endgame - Super Bowl Spot Drops New Footage
Could this be the return of Tony Stark? The whole aesthetic of this movie is nineties - because it's set in the nineties. Despite taking place before 2008's Iron Man , we'll see a number of familiar faces like a two-eyed Nick Fury ( Samuel L.
Trump is due to tout his economic successes on Tuesday during the annual State of the Union address to Congress.
Friday's report that 304,000 jobs were created in the US last month was better than expected.