GM lays off about 1,000 workers, cutting costs to compete in crowded auto market

  • 📰 ABC
  • ⏱ Reading Time:
  • 11 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

Electric Vehicles News

Labor,Business,Article

General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market

Una Chevrolet Silverado 2500 HD Custom modelo 2024 exhibida en el Pittsburgh International Auto Show, en Pittsburgh, el 15 de febrero de 2024. .

“We need to optimize for speed and excellence,” the statement said. "This includes operating with efficiency, ensuring we have the right team structure and focusing on our top priorities."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 471. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

General Motors lays off about 1,000 workers, cutting costs to compete in a crowded automobile marketGeneral Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market.
Source: ksatnews - 🏆 442. / 53 Read more »

General Motors lays off about 1,000 workers, cutting costs to compete in a crowded automobile marketGeneral Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market.
Source: wjxt4 - 🏆 246. / 63 Read more »

General Motors lays off about 1,000 workers, cutting costs to compete in a crowded automobile marketGeneral Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market. The workers are mostly salaried but some blue-collar workers were affected. They were told of the moves early Friday. The company confirmed the layoffs in a statement but gave few details.
Source: AP - 🏆 728. / 51 Read more »

Earnings playbook: More than 100 companies are slated to report this week, including General MotorsMore than 100 S&P 500 companies are slated to post third-quarter earnings. Among them are Tesla, General Motors and Boeing.
Source: CNBC - 🏆 12. / 72 Read more »

Next week: IMF global economic outlook, General Motors earnings, US existing home salesOn Tuesday, the International Monetary Fund issues its semi-annual World Economic Outlook and General Motors reports its third-quarter financial results. On Wednesday, the National Association of Realtors reports on sales of existing homes in September.
Source: AP - 🏆 728. / 51 Read more »