Photo by Brad Switzer on Unsplash
GM Announces Layoff of 1,300 Employees in Michigan
December 15, 2023
GM layoffs have been announced at the General Motors facilities in Michigan. The layoffs, disclosed in state documents, are reportedly due to the termination of production for certain vehicle models and will impact around 1,300 employees in total.
The major blow is set to land at Orion Assembly, where approximately 945 personnel who are responsible for the assembly of the Chevrolet Bolt will lose their jobs. The beloved Bolt model is expected to halt production at the end of this year, with its final run scheduled for the week commencing Dec. 18. Despite this, the layoffs won’t kick into effect until New Year’s Day.
GM has plans to retrofit the Orion facility to manufacture electric trucks. The factory is projected to resume operations toward the end of 2025. Despite the bleak outlook, this does signify General Motors’ commitment to the burgeoning electric vehicle market.
In addition to Orion, GM’s Lansing Grand River Assembly/Stamping plant will also be impacted. A significant segment of the workforce — about 369 employees — is facing layoffs due to the cessation of production for the Chevrolet Camaro. While GM had previously revealed the Camaro’s production discontinuation, the exact number of affected employees at the plant, which continues to churn out Cadillac sedans, was not disclosed until now.
In a recent statement, GM shared, “Lansing Grand River Assembly informed employees today that the plant will adjust staffing levels due to the end of Camaro production.” Consequently, roughly 350 employees will bear the brunt starting Jan. 2. But there’s a silver lining: GM anticipates that it will have job opportunities for all impacted team members in line with the provisions of the UAW-GM National Agreement.
The layoffs at Lansing Grand River will commence on Jan. 2 and continue through to March, as stated in the WARN notice documents.
Recent News
Tesla Faces Uphill Battle with Shareholder Votes
In a bid to navigate the treacherous terrain of shareholder approval, Tesla’s chairperson, Robyn Denholm, likened the challenges ahead to scaling “Mount Everest.” This revelation comes amidst the looming votes on relocating Tesla’s headquarters to Texas and ratifying CEO Elon Musk’s staggering $56 billion compensation plan. Denholm’s remarks, as reported by the Financial Times on Friday, shed light on the uphill battle the electric vehicle giant faces in its quest for shareholder support.
Media Giants Depend on Sports As Content Shortages Rise
As Hollywood emerges from last year’s strikes, major media companies are turning to live sports to attract audiences and advertisers. This trend was evident during this year’s Upfront presentations, where media giants showcased their upcoming content and advertising opportunities.
New Trader Joe’s Opens in SF After 10 Years
San Francisco’s Hayes Valley neighborhood welcomed a highly anticipated new addition on May 17, 2024, with the grand opening of a Trader Joe’s at 555 Fulton St., on the corner of Laguna Street. This event marks the end of a decade-long wait for residents who have been eagerly looking forward to a new grocery store in their area.
China’s Property Market Boost: Stocks Surge, Copper Hits Highs
The Chinese government unveiled a comprehensive support package that has sent ripples through financial markets. This initiative includes a slew of measures aimed at stimulating housing demand and addressing the excess inventory burdening developers. The immediate impact was a significant rally in Chinese stocks and a surge in commodity prices, notably copper, which hit record highs.