GM Announces Layoffs Of Over 1,600 Workers At Fairfax Assembly In Kansas, Invests $390 Million in New Tooling Installation

Benzinga

General Motors will lay off over 1,600 workers at its Fairfax Assembly plant in Kansas. The first phase of layoffs starts in November, affecting over 600 full-time workers and terminating 250 temporary employees. A second round, beginning on January 12, will impact 700 full-time employees. GM plans to pause Cadillac XT4 production in Kansas after January 2025, leading to temporary layoffs until the Bolt EV and XT4 production resumes later that year. GM is investing $390 million in the Fairfax plant for new tooling installation.

Transcript

00:00It's Benzinga, and here's what's on the block.

00:03General Motors will lay off over 1,600 workers at its Fairfax assembly plant in Kansas.

00:08The first phase of layoffs starts in November, affecting over 600 full-time workers and terminating

00:13250 temporary employees.

00:16A second round beginning on January 12th will impact 700 full-time employees.

00:21GM plans to pause Cadillac XT4 production in Kansas after January 2025, leading to temporary

00:27layoffs until the Bolt EV and XT4 production resumes later that year.

00:32GM is investing $390 million in the Fairfax plant for new tooling installation.

00:37For all things money, visit Benzinga.com.

Category

Transcript

Comments

Recommended