GM Lansing Assembly Plant Makes 3 Millionth Vehicle General Motors is buying out 5,000 salaried employees in the United States as the automaker looks to cut billions in costs with its move toward electric vehicles (EVs) which require far fewer manufacturing workers.
This week, GM executives announced that 5,000 salaried employees took a buyout offer from the automaker — more than expected. The buyout is set to save GM about $1 billion. The larger cost savings goal, executives have said, is to cut about $2 billion.
One analyst has labeled the scheme a “massive cost-cutting” measure while Chris Douglas with the University of Michigan-Flint notes that Gov. Gretchen Whitmer (D) is “heavily subsidizing electric vehicle and battery production without anything to show for it.”
“If there was really a market demand for electric vehicles, these subsidies would not be needed,” Douglas told The Center Square, stating that he struggles “to see how […]
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