600 of the 1,000 employees who are now losing their jobs will be found at American General Motors in their technical development department.
General Motors has said goodbye to 1,000 employees worldwide with immediate effect.
The news comes at a time when it is more than uncertain whether the group will even carry out an otherwise large planned comeback in Europe. Read more about it here.
600 of the 1,000 jobs will be cut at General Motors' campus for technological development near the old car town of Detroit.
CNBC writes that.
– In connection with building GM's future, we must simplify in order to increase speed and expertise. Courageous choices must be made and priority must be given to the investments that will have the greatest effect, according to a spokesperson, according to the media.
GM is far from the only one facing a number of difficult choices at the moment. In general, the car industry is hard hit. The crisis has already triggered several bankruptcies.
Several of them come as rescue attempts. At the wheel manufacturer BBS, they are preparing to go bankrupt for the fifth time in the company's history, and at Recaro, the automotive department, which includes building bucket seats, in dire straits. Read more about it here.
There is also a fear at German Continental that the business cannot continue. In fact, the fear is now so great that management is considering selling the software division in an attempt to reverse the trend.
Other companies have more or less definitely given up the fight. The car brand HiPhi has, after production came to a standstill last year, had to admit that the parent company cannot continue. Even if you dreamed of coming to Denmark. Read more about that case here.
Back at General Motors, it's not the first time you've been in financial trouble. During the 2008/09 financial crisis, the American government had to save the car group with taxpayers' money. Today, the group employs 73,000 people worldwide.
