🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

GM to lay off about 1,700 workers at Kansas plant

Published 09/21/2024, 02:00 PM
Updated 09/21/2024, 04:31 PM
© Reuters. FILE PHOTO: The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. .  REUTERS/Rebecca Cook/File Photo
GM
-

(Reuters) -General Motors will lay off 1,695 workers at its Fairfax Assembly plant in Kansas, the company said in a Worker Adjustment and Retraining Notification notice earlier this week.

A GM spokesperson, confirming the layoffs initially reported by Automotive News, said the first of two rounds will begin on Nov. 18, affecting 686 full-time workers temporarily and terminating 250 temporary employees.

Under the second phase, to begin on Jan. 12 of next year, 759 full-time workers will be temporarily laid off, the spokesperson confirmed.

In May, GM said it would pause production of the Cadillac XT4 after January 2025 in Kansas, resulting in layoffs of production employees until manufacturing resumed in late 2025 for both the Bolt EV and XT4 on the same assembly line.

"As previously announced in May, GM is investing approximately $390 million in our Fairfax Assembly Plant to add production of the new Chevrolet Bolt EV," the GM spokesperson said in an emailed statement to Reuters on Saturday.

© Reuters. FILE PHOTO: The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. .  REUTERS/Rebecca Cook/File Photo

"To facilitate the installation of new tooling, employees will be placed on a temporary layoff until production resumes in mid-2025," the spokesperson added.

In August, the company also laid off more than 1,000 salaried employees worldwide across its software and service units.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.