GM to lay off 1,300 Michigan workers as vehicles end production
Publishing timestamp: 2023-12-14 18:36:17
Summary
General Motors plans to lay off about 1300 workers in Michigan starting early next year due to the end of production for vehicles they produce. The layoffs include workers at the Orion Assembly and Lansing Grand River Assembly/Stamping plants, which will no longer produce Chevrolet Bolt models and Chevrolet Camaro respectively. GM will retool the Orion plant to build electric trucks, but the layoffs will still occur.
Sentiment: MIXED
Tickers: GM,
Keywords: transportation, labor economy, business news, breaking news: business, business, general motors co, layoffs, detroit, autos, personnel,
Source: https://www.cnbc.com/2023/12/14/gm-to-lay-off-1300-michigan-workers-as-vehicles-end-production.html