trending Market Intelligence /marketintelligence/en/news-insights/trending/j8ofuux_kfzjk16jkrdlkg2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

GM to transfer some employees affected by plant closures

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow

Blog

Corporate Credit Risk Trends in Developing Markets: A Probability of Default Perspective


GM to transfer some employees affected by plant closures

General Motors Co. said Dec. 14 that employees who work at plants set to close in 2019 can transfer to other locations.

The Detroit-based automaker said 2,800 hourly workers will be impacted by plant closures in Maryland, Michigan, Ohio and Canada. The U.S. employees will have the option to transfer to other locations, and some are eligible to retire, according to a news release.

There are 2,700 job opportunities available at other GM locations, and the company said that 1,100 employees have already volunteered to transfer. Of the 2,800 workers who will be impacted by the closures, 1,200 are eligible to retire.

The 2,700 opportunities at other GM manufacturing plants are needed to support producing new vehicles that will be launched starting in 2019, GM said.

These plants are in Indiana, Kentucky, Michigan, Ohio, Tennessee, Texas and other locations.

The company said it will also provide training opportunities and access to tuition assistance for affected employees, including those at the Canada plant.

"Strong U.S. and Canadian economies enable us to provide these opportunities now as we position General Motors for long-term success," GM Chairman and CEO Mary Barra said. "Our focus remains on providing interested employees options to transition including job opportunities at other GM plants. We remain committed to working with local government officials, our unions and each individual to find appropriate opportunities for them."

GM announced in November that it was restructuring the company to cut car production on certain models and reduce its staff, with a plan to cut up to 14,000 jobs across its blue-collar and white-collar workforce.

The automaker said it wants to shift toward autonomous and electric vehicles, a move President Donald Trump criticized Dec. 13 during an interview with Fox News.

Trump said GM would not be treated well moving forward because of its restructuring plan.