Update: Market Chatter: General Motors Plans to Cut 1,000 Salaried Workers-February 2024-www.financetom.com

Update: Market Chatter: General Motors Plans to Cut 1,000 Salaried Workers

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Update: Market Chatter: General Motors Plans to Cut 1,000 Salaried Workers

Nov 15, 2024 11:11 AM

12:29 PM EST, 11/15/2024 (MT Newswires) -- (Updates with General Motors' ( GM ) comment in the second paragraph.)

General Motors ( GM ) is planning to cut around 1,000 salaried positions globally in an attempt to streamline its operations, Bloomberg reported Friday, citing people familiar with the matter.

"In order to win in this competitive market, we need to optimize for speed and excellence," a General Motors ( GM ) spokesperson told MT Newswires. "This includes operating with efficiency, ensuring we have the right team structure, and focusing on our top priorities as a business."

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 57.24, Change: -0.38, Percent Change: -0.67

Previous page： Russia's OFS Technologies boosts oil wells count to ensure output hike potential, Ifx says Next page： Kinaxis Names Robert Courteau as Executive Chair

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.

Show More Comments

Related Articles >

Russia's OFS Technologies boosts oil wells count to ensure output hike potential, Ifx says

Sep 17, 2024

MOSCOW, Sept 17 (Reuters) - OFS Technologies, formerly part of Baker Hughes' ( BKR ) Russian assets, said on Tuesday it had been increasing the number of wells so that Russia would be ready to boost oil production when necessary, Interfax news agency reported. U.S. oilfield services provider Baker Hughes ( BKR ) announced in August 2022 it had sold...

Kinaxis Names Robert Courteau as Executive Chair

Sep 17, 2024

07:40 AM EDT, 09/17/2024 (MT Newswires) -- Kinaxis ( KXSCF ) on Tuesday said it has appointed Robert Courteau as executive chair, effective immediately. He will serve until a permanent CEO is in place. Last month, Kinaxis ( KXSCF ) said CEO John Sicard will retire at the end of the year and that the search for his successor is...

Senseonics Receives FDA Clearance for Eversense 365 Continuous Glucose Monitoring System

Sep 17, 2024

07:40 AM EDT, 09/17/2024 (MT Newswires) -- Senseonics ( SENS ) said Tuesday the US Food and Drug Administration has cleared the Eversense 365 continuous glucose monitoring, or CGM, system for people with Type 1 and Type 2 diabetes aged 18 years and older. Eversense 365 provides one year of use, the company said. Senseonics ( SENS ) said it...

AES Agrees to Sell 30% Stake in AES Ohio to Canadian Pension CDPQ

Sep 17, 2024

07:40 AM EDT, 09/17/2024 (MT Newswires) -- The AES Corporation ( AES ) said Tuesday that it agreed to sell a 30% indirect equity interest in AES Ohio to Canadian pension fund Caisse de Depot et Placement du Quebec for approximately $546 million. AES ( AES ) said CDPQ's acquisition of the 30% stake will not result in a change...