Stock Markets
GM to begin laying off about 1,700 workers at Kansas plant, WARN notice shows
(Reuters) – General Motors (NYSE:) will begin laying off 1,695 workers at its Fairfax Assembly plant in Kansas, the company said in a Worker Adjustment and Retraining Notification (WARN) notice earlier this week.
The first of two rounds of layoffs will begin Nov. 18 and will include the temporary layoff of 686 full-time workers and the termination of 250 temporary employees, Automotive News reported on Saturday citing a company filing to the state of Kansas.
Starting Jan. 12, 759 full-time workers will be temporarily laid off, the report added.
GM did not immediately respond to a Reuters request for comment on the details of the latest layoffs.
Earlier in May, GM had said that it would pause production of the Cadillac XT4 after January 2025 in Kansas, resulting in layoffs of production employees until production resumes in late 2025 for both the Bolt EV and XT4 on the same assembly line.
The company had also said in August that it was laying off more than 1,000 salaried employees at its software and service units worldwide.
Stock Markets
Robinhood suspends trading in Super Bowl betting contracts after CFTC directive
Stock Markets
Fed can be patient on rates while assessing impact of tariffs, Collins says
Stock Markets
US stocks off session lows after Trump delays Mexico tariffs
- Forex3 years ago
Forex Today: the dollar is gaining strength amid gloomy sentiment at the start of the Fed’s week
- Forex2 years ago
Unbiased review of Pocket Option broker
- Forex3 years ago
How is the Australian dollar doing today?
- Forex2 years ago
Dollar to pound sterling exchange rate today: Pound plummeted to its lowest since 1985
- Cryptocurrency3 years ago
What happened in the crypto market – current events today
- World2 years ago
Why are modern video games an art form?
- Commodities3 years ago
Copper continues to fall in price on expectations of lower demand in China
- Forex2 years ago
The dollar is down again against major world currencies