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Faced with the great change of technology and innovation application, GM "laid off" employees


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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.

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      link hidden, please login to view or visit an  link hidden, please login to view to shop for auto parts and products needed to get vehicles in shape for the school year or to receive a free off-to-campus vehicle checkup. About Advance Auto Parts
      Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers. As of April 22, 2023, Advance operated 4,778 stores and 318 Worldpac branches primarily within the United States, with additional locations in Canada, Puerto Rico and the U.S. Virgin Islands. The company also served 1,315 independently owned Carquest branded stores across these locations in addition to Mexico and various Caribbean islands. Additional information about Advance, including employment opportunities, customer services, and online shopping for parts, accessories and other offerings can be found at 
      link hidden, please login to view. * NO PURCHASE NECESSARY TO ENTER OR WIN. A PURCHASE WILL NOT INCREASE YOUR CHANCES OF WINNING. Open only to legal residents of the 50 United States (D.C.), 17 to 20 years of age. Void where prohibited by law. Sweepstakes begins at 8:00 am ET on 8/7/23 and ends at 11:59 pm ET on 8/18/23. Subject to full Official Rules including prizes and odds, 
      link hidden, please login to view. Sponsor: Advance Stores Company, Incorporated, 4200 Six Forks Road, Raleigh, NC 27609. ** Atomik Research conducted an online survey of 1,003 college students across the United States between July 10 and 12, 2023. Qualified respondents are students currently enrolled or planning to be enrolled at a college, university, community college or trade school this fall and who own and/or regularly operate a car. The age of participants ranges between 18 and 24. Margin of error of the sample is +/- 3 percentage points with a confidence level of 95%.
      *** Atomik Research conducted an online survey of 504 parents of incoming college freshmen across the United States between July 10 and 18, 2023. Qualified respondents are parents of incoming freshmen, who own or regularly operate a car, and are planning to be enrolled at a college, university, community college or trade school this fall. Margin of error of the sample is +/- 4 percentage points with a confidence level of 95%.

      View source version on  link hidden, please login to view:  link hidden, please login to view
      Advance Auto Parts Contacts:
      Investor Relations:
      Elisabeth Eisleben
      T: (919) 227-5466
      E: [email protected]
      Media Relations:
      Darryl Carr
      T: (984) 389-7207
      E: [email protected]
       
      Source: Advance Auto Parts

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