GM to Slash Salaried Workforce 15%

According to multiple news reports, GM plans to cut its salaried workforce in North America by 15% and will phase out several models.

The reductions are said to impact more than 6,000 U.S. factory works.

In all, the restructuring is expected to cost the company up to $3.8 billion, GM noted.

GM aso said plants in Ohio, Michigan, Maryland, and Ontario, Canada will be “unallocated” in 2019 and it will hault operations at two additional plants outside of North America by the end of 2019.

Further, GM will reduce operations at two propulsion plants.

Executive staff will be cut by 25 percent in a reorganization that GM estimates will save roughly $6 billion by the end of 2020.

GM, which remains the largest U.S. automaker, has focused heavily on crossovers, SUVs and trucks.

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