JUST IN: General Motors offers buyouts to “majority of U.S. team.” Employees have two weeks to decide, per letter sent to whole company. #GM #GeneralMotors $GM #BREAKING
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@FOX2News
This comes just 10 days after GM laid off 500 employees back on Feb. 28.
Something General Motors CEO Mary Barra said, in no uncertain terms, was not on the table during a January earnings call.
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@FOX2News
Passage below *seems* to hint that if buyouts do not work, layoffs at #GM *could* happen again.
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@FOX2News
MORE - source details what buyout offers are looking like.
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@FOX2News
GM is hoping to ultimately save $2B on this project. Unclear how much money would be theoretically saved by buyouts as opposed to layoffs and severance packages.
It’s still VERY early, so — grain of salt — but $GM stock price is currently down 1.6 points, and dropping fast.
(When I started typing this tweet like 30 seconds ago it was only 1.1 points down)
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@FOX2News
$GM ends the day with a loss of close to 5%. (But for context, both Ford and Stellantis dropped by a few percentage points as well).
#GM #GeneralMotors #Ford $F #Stellantis $STLA
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