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General Motors lays off ‘several hundred’ full-time contract workers

General Motors Co on Monday said it had cut several hundred full-time contract workers over the weekend including at its engineering hub in suburban Detroit, the latest effort by the U.S. automaker to streamline operations. GM said in April that about 5,000 salaried workers had opted for buyouts to leave the company. CEO Mary Barra said in a memo to …

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Nearly 5,000 General Motors salaried workers take buyouts, avoiding layoffs

The buyouts come at an uncertain time for the auto industry, which is in the midst of a transition from internal combustion to electric vehicles. GM has a goal of selling only electric passenger vehicles by 2035 Detroit: About 5,000 white-collar workers at General Motors took the company’s buyout offers, which the automaker says is enough to avoid layoffs at …

DETROIT — General Motors is offering buyouts to most of its U.S. salaried workforce and some global executives in an effort to trim costs as it makes the transition to electric vehicles. The $2 billion in cost cuts, announced with GM’s fourth-quarter earnings, also are being made to prepare for any potential economic downturn or recession, Chief Financial Officer Paul …

General Motors offers buyouts to most US salaried staff to trim costs

The decision to offer buyouts comes at an uncertain time for the auto industry, which is in the midst of a transition from internal combustion to electric vehicles. GM has a goal of selling only electric passenger vehicles by 2035 Detroit: General Motors is offering buyouts to most of its US salaried workforce and some global executives in an effort …