Thursday , June 24 2021

GM's massive withdrawals were on Monday

General Motors automaker undergoes drastic changes as they switch to electric vehicles.

This includes the closure of five plants in North America (four in the US, one in Canada) and the release of thousands of workers.

GM is expected to cut 4,000 on Monday.

Investment strategist David Kudla, who works with many GM employees, broke the news on Twitter on Thursday.

Of the closing plants 14 000 workers will be cut off.

This includes more than 2,000 workers in Michigan in Detroit-Hammtrak and Warren.

Employees in automotive parts suppliers are also lost in stirring.

Some economists predict that any lost job in a car factory will eliminate three more positions with suppliers.



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