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00:02General Motors is laying off thousands of UAW-represented workers and its EV and battery
00:07plants as it scales back electric vehicle production, following the end of federal subsidies,
00:11and loosened emissions rules, according to the Wall Street Journal.
00:14GM will lay off over 3,300 hourly workers in Michigan, Ohio, and Tennessee starting in January,
00:19with 1,700 cuts indefinite and 1,500 expected to return by mid-2026.
00:24GM will idle its joint battery plants with LG Energy Solution in Ohio and Tennessee
00:28starting January 5th, and it definitely lay off 1,200 workers in its Detroit EV assembly plant.
00:34GM CEO Mary Barra reaffirmed that EVs remain the company's North Star,
00:38noting its dozen-model lineup and long-term goal of achieving profitability
00:41despite short-term production cuts.
00:44For all things money, visit Benzinga.com.
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