Business & Tech
GM Rumored To Lay Off More White Collar Workers
Some 4,000 more workers could be let go this week, according to an investment strategist familiar with the company.
DETROIT -- Word has it that more white-collar cuts could be announced at General Motors on Monday. According to investment strategist David Kudla, General Motors is expected to announce another round of major job cuts Monday.
In November the company announced that it would cut the jobs of 8,100 white-collar workers by the fourth quarter. At that time, General Motors noted the workers would be forced to take buyouts or be laid off.
General Motors has not confirmed whether job cuts will be announced this week.
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Reports surfaced Friday stating the automotive company plans on letting go of 4,000 white-collar workers starting Monday.
Kudla, the CEO and CIO of Mainstay Capital Management Tweeted about the expected job cuts.
Find out what's happening in Detroitfor free with the latest updates from Patch.
Black Monday at General Motors. To those who are about to separate, we salute you.
— David Kudla (@David_Kudla) February" class="redactor-linkify-object">https://twitter.com/David_Kudl... 1, 2019Image via Shutterstock
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