financetom
Business
financetom
/
Business
/
GM to lay off 200 workers at all-EV plant as it adjusts production
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
GM to lay off 200 workers at all-EV plant as it adjusts production
Apr 10, 2025 7:01 AM

DETROIT (Reuters) - General Motors ( GM ) is laying off workers at its all-electric Factory Zero plant in Detroit where it is adjusting production "to align with market dynamics," the company said Thursday. 

About 200 workers at the plant will be temporarily laid off, according to a company source. The move is not related to recently imposed auto tariffs, according to the source. 

Factory Zero is home to the Chevrolet Silverado EV, GMC Sierra EV, Hummer EV SUV and pickup and all-electric Escalade IQ. 

Factory Zero has about 4,500 employees, according to the company's website. 

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Genfit to Receive $29.9 Million Milestone Payment Under Contract With Ipsen
Genfit to Receive $29.9 Million Milestone Payment Under Contract With Ipsen
May 26, 2025
05:19 PM EDT, 05/20/2025 (MT Newswires) -- Genfit ( GNFT ) said late Tuesday it will receive a 26.5 million Euro ($29.9 million) milestone payment from Ipsen after Iqirvo's approval of pricing and reimbursement in Italy for Primary Biliary Cholangitis. The payment milestone under the licensing and collaboration agreement with Ipsen will further support Genfit ( GNFT ) in advancing...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Fairfax Raises US$900 Million Through Senior Notes Offering
Fairfax Raises US$900 Million Through Senior Notes Offering
May 26, 2025
05:20 PM EDT, 05/20/2025 (MT Newswires) -- Fairfax Financial Holdings ( FRFHF ) after trade on Tuesday said it completed its previously announced private debt offering, raising a total US$900 million. The offer included US$500 million in 5.750% senior notes due in 2035 and US$400 million in 6.500% senior notes due in 2055, the company added. Fairfax plans to use...
JPMorgan Chase Insider Sold Shares Worth $2,505,410, According to a Recent SEC Filing
JPMorgan Chase Insider Sold Shares Worth $2,505,410, According to a Recent SEC Filing
May 26, 2025
05:22 PM EDT, 05/20/2025 (MT Newswires) -- Stacey Friedman, General Counsel, on May 20, 2025, sold 9,429 shares in JPMorgan Chase ( JPM ) for $2,505,410. Following the Form 4 filing with the SEC, Friedman has control over a total of 118,881 common shares of the company, with 36,520 shares held directly and 82,361 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/19617/000122520825005327/xslF345X05/doc4.xml ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved