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GM making big changes

Graham Immerman
November 29, 2018

The big news in manufacturing is that GM is making cuts. Axios reported that, "General Motors said Monday that it will cut 15% of its salaried workforce, estimated to be around 14,700 people in North America, and that it will idle factories in Michigan, Ohio, Maryland and Canada." According to reports, 25% of the company's executive staff will be cut. The restructuring also involves a future focus on electric vehicles, crossovers, trucks, and SUVs. The company's stock has risen since the announcement. 

GM to cut workers, idle U.S. manufacturing plantsSource: http://www.axios.com

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