Search the Community
Showing results for tags 'automotive'.
Found 1 result
Faced with the great change of technology and innovation application, GM "laid off" employees The automotive industry, which has a history of 100 years, is in a period of great changes in various technologies and innovative applications. Traditional automotive giants have begun to adopt different strategies to adapt to this change, such as Toyota restructuring senior management, while GM plans to tailor employees. In response to the wave of automotive change, GM has chosen large-scale layoffs. According to the plan, GM will close five factories and lay off 15,000 workers in 2019. Through these measures, GM hopes to save $6 billion by the end of 2020 in order to speed up the company's transformation and cope with the wave of electrification and automation. GM expects to double its investment in electric vehicles and automatic driving in the next two years. GM's layoffs have been welcomed by Wall Street, but apart from that, workers' associations and the government have been fiercely attacked. Terry Dittes, head of General Motors at the American Federation of Automobile Workers, said it was a ruthless decision to cut or close factories operating in the United States. The Canadian trade union said GM Canadian workers would fight GM. S. President Donald Trump has threatened to cancel all subsidies to General Motors in response to the company's closure of U.S. factories and job cuts.