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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. 

UPDATEGeneral Motors acknowledges start of 4,000 layoffs of salaried workers

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.   

 

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. 

RELATED: General Motors workers, area businesses worry with layoffs looming

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