GM is reinventing itself, closing plants and cutting 15% of its salaried workers

Article Image

General Motors announced Monday a major restructuring of its global business, shutting at least three production facilities in North America and slashing its...

Posted: Nov 26, 2018 11:17 AM

General Motors announced Monday a major restructuring of its global business, shutting at least three production facilities in North America and slashing its staff.

The moves are the first big steps in the century-old GM's transformation. It is closing facilities and reinvesting money away from cars that once dominated roadways and to technology that the company believes will power its future.

"These actions will increase the long-term profit and cash generation potential of the company and improve resilience through the cycle," CEO Mary Barra said.

GM (GM) said it reduce its salaried workforce by 15%, including a quarter of the company's executives.

Article Comments

West Lafayette
Clear
19° wxIcon
Hi: 44° Lo: 31°
Feels Like: 12°
Kokomo
Clear
20° wxIcon
Hi: 42° Lo: 30°
Feels Like: 20°
Rensselaer
Clear
19° wxIcon
Hi: 41° Lo: 30°
Feels Like: 19°
Fowler
Clear
19° wxIcon
Hi: 42° Lo: 30°
Feels Like: 19°
Williamsport
Clear
23° wxIcon
Hi: 43° Lo: 31°
Feels Like: 23°
Crawfordsville
Clear
20° wxIcon
Hi: 44° Lo: 32°
Feels Like: 13°
Frankfort
Clear
22° wxIcon
Hi: 42° Lo: 30°
Feels Like: 15°
Delphi
Clear
22° wxIcon
Hi: 43° Lo: 30°
Feels Like: 22°
Monticello
Clear
22° wxIcon
Hi: 42° Lo: 30°
Feels Like: 22°
Logansport
Clear
21° wxIcon
Hi: 41° Lo: 29°
Feels Like: 21°
Mild with Rain by Sunday Night
WLFI Radar
WLFI Temps
WLFI Planner

Community Events