GM (GM) Planning Some Layoffs Tied to $390M Michigan Plan Project
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Price: $78.27 -1.31%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.9%
Revenue Growth %: +0.3%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.9%
Revenue Growth %: +0.3%
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General Motors (NYSE: GM) is coming off of afternoon highs Friday amid headlines that it will be conducting some minor layoffs.
Bloomberg said that GM will be laying off about 430 workers at a Michigan assembly plant. The layoffs will start in August and workers are expected to return in late 2015.
The move comes related to a $390 million plant project.
Comments were made in an emailed statement today.
Shares of GM are still up 1 percent.
Bloomberg said that GM will be laying off about 430 workers at a Michigan assembly plant. The layoffs will start in August and workers are expected to return in late 2015.
The move comes related to a $390 million plant project.
Comments were made in an emailed statement today.
Shares of GM are still up 1 percent.
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