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Tag Archives: general motors

GM says it has 2,700 jobs for workers slated to be laid off

FILE - This May 5, 2011 file photo shows General Motors headquarters  in Detroit.  The General Motors’ massive 14,000-person layoff announced last Nov. 2018 might not be as bad as originally projected. The company said Friday, Dec. 14, 2018,  that 2,700 out of the 3,300 factory jobs slated for elimination will now be saved by adding jobs at other U.S. factories. Blue-collar workers in many cities will still lose jobs when GM shutters four U.S. factories next year. But most could find employment at other GM plants. Some would have to relocate. (AP Photo/Paul Sancya, File)

DETROIT — General Motors’ plans to lay off 14,000 salaried and blue-collar workers might not be as bad as originally projected. The company said Friday that 2,700 out of the 3,300 U.S. factory jobs slated for elimination will now be ...

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GM to buy back $5B in stock

General Motors announced a $5 billion stock buyback as part of a plan to return more cash to investors. In return, an activist shareholder decided to drop a potentially divisive bid for a seat on the company’s board. The moves, ...

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GM switch death toll at 56

The death toll linked to crashes involving General Motors cars with defective ignition switches has climbed to 56. The new total, which is four more than last week, was posted Monday on an Internet site by compensation expert Kenneth Feinberg. ...

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Even with recalls, GM makes $2.8B in ’14

If it weren’t for the recalls, 2014 would have been a stellar year for General Motors. Even with $2.8 billion in pretax costs to fix more than 42 million recalled vehicles worldwide and $400 million set aside for death and ...

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