GM General Motors Layoffs Job Cut: to fire 47000 employees: Starts layoffs today: Finance Trading Times

GM General Motors Layoffs Job Cut: to fire 47000 employees: Starts layoffs today

The news is from the GM General Motors which may be going for layoffs. The company has started the process of layoffs. We had reported in January 2009 about the news of General Motors GM Layoffs Brazil Job Cut and there was another news in November 2008 about the GM General Motors LayoffsThe news is not good for the employees of GM General Motors. Now the situation is getting worse for the employees as the recession is taking a toll on all sectors and all of the sectors are feeling the heat. The latest additon to the list of organization which may go for layoffs is the GM General Motors. GM General Motors Logo

How many employees may be fired in the GM General Motors layoffs?
The news is that there may be 47000 job cuts by the GM General Motors. The company has initiated the layoffs with 160 Pink slips its technical center in Warren, Michigan. It's the beginning of 3,400 salaried layoffs in the U.S. and part of the 47,000 job cuts that GM wants to accomplish worldwide by the end of the year, Wilkinson said.

What is the total no. of employees of GM General Motors ?
Total No. of employees of GM General Motors is 243,000 globally of now.

Any plant or factories to be closed by GM?
Yes. The company has announced the closure of nine assembly, parts stamping and powertrain factories since the end of 2005, and it plans to close five more factories.

What will be the cost and savings by GM General Motors layoffs?
No info available about that.

When will the GM General Motors layoffs happen?
As per the reports, the layoffs are starting from April 1 and they will continue.

Which locations and department of employees will be affected by the GM General Motors layoffs ?
Layoffs are going to be global in nature.

What is the primary reasons for GM General Motors layoffs?
The layoffs are being done as a part of cost cutting exercise.

Any other news about GM General Motors layoffs
As per BizJournal, Wilkinson says the company will cut 3,400 salaried and 18,000 hourly jobs in the U.S. by the end of the year.
Let's hope that alternative jobs are available to the affected employees of GM General Motors Layoffs Job Cut
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