General Motors expected to cut 4,000 white-collar jobs
GM has not confirmed whether job cuts will be announced
DETROIT – According to investment strategist David Kudla, General Motors is expected to announce another round of major job cuts Monday.
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.
Black Monday at General Motors. To those who are about to separate, we salute you.— David Kudla (@David_Kudla) February 1, 2019
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.
Stay with Local 4 as this story continues to develop.
Copyright 2019 by WDIV ClickOnDetroit - All rights reserved.