FEBRUARY 28, 2023 — 500 SALARIED EMPLOYEES
The company has announced a cost-cutting initiative that would eliminate 500 executive-level and salaried employees across various functions of the company.
According to a company spokesperson, “Today’s action follows our most recent performance calibration and supports managing the attrition curve as part of our overall structural costs reduction effort. This action impacts a small number of salaried employees and executives globally."
AUGUST 27, 2021 — 122 LAYOFFS IN TOLEDO, OHIO
The company has announced the layoff of 122 employees at its Toledo Transmission Operations by September 27, 2021.
The production schedule for the 6-speed rear-wheel drive transmission at the plant will result in the layoffs of 122 production employees including 16 permanent and 106 temporary workers.
The decision was driven by “GM's review of customers' needs and market demands.”
MARCH 4, 2021 — Original post…
Detroit, Michigan-based General Motors Company, the iconic American automobile, and parts manufacturer, has announced that it will be permanently laying off 160 to 170 employees at its Flint, Michigan engine assembly facility.
It appears that the decision to permanently lay off workers due to the effects of the Covid-19 pandemic and a worldwide shortage of semiconductor chips used in automotive control systems. Approximately 50 to 150 or more semiconductor chips may be required in control and monitoring systems per vehicle.
Flint Engine Operations primarily builds the turbo-assisted engine for use in the Chevrolet Equinox which is assembled in Canada.
Disruptions in supply-chain management is often used by manufacturers to adjust the size of a unionized workforce to better match current or projected future revenue flows.
Politicians are also commenting on the layoffs as an excuse to produce critical semiconductors domestically to prevent such chips from being a bargaining chip in trade wars.
According to experts, the semiconductor shortage is the result of an unusually large demand last year for electronic devices used by consumers confined to home due to mandatory pandemic lockdowns.
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?