General Motors To Lay Off About 1700 Employees Ahead Of Chevrolet Malibu Phase-Out And Re-Tooling For EV Production (UPDATED)
Portfolio Pulse from Anan Ashraf
General Motors (GM) is laying off 1,695 employees at its Kansas City plant as it phases out the Chevrolet Malibu and prepares to retool for electric vehicle production. The plant will resume production in late 2025 with the next-generation Chevrolet Bolt EVs and Cadillac XT4.
September 23, 2024 | 8:49 am
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General Motors is laying off 1,695 employees at its Kansas City plant as it phases out the Chevrolet Malibu and prepares for EV production. The plant will resume production in late 2025 with new Bolt EVs and XT4.
The layoffs and production halt indicate a short-term negative impact on GM's operations and workforce. However, the shift towards EV production aligns with long-term strategic goals. The uncertainty around the temporary nature of layoffs adds to the negative sentiment.
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