General Motors Opens a New Window. announced last year it would lay off Opens a New Window. 14,000 workers in the U.S. as it shifts its focus away from passenger cars Opens a New Window. in favor of producing SUVs and pickups, as well as electric and self-driving vehicles.
The decision elicited intense federal Opens a New Window. backlash. President Trump Opens a New Window. tweeted that he was “very disappointed” and said the administration would examine whether to cut subsidies for the Detroit carmaker.
A White House spokeswoman did not immediately answer whether the administration is still considering it – though there is skepticism over exactly what federal support could be eliminated, aside from potentially a tax credit for electric cars that will gradually expire for GM over the next several quarters given it has already sold more than 200,000 plug-in vehicles.
It has received other government funding for the development of emissions-free cars, per tracking website Good Jobs First Opens a New Window. .
The reductions are coming from both GM’s salaried and hourly workforces, though a large portion of the individuals who lost manufacturing jobs could be relocated to other plants.
While the announcement led to some immediate volatility in GM’s stock, it has since recovered. The company on Wednesday reported better-than-expected earnings for the fourth quarter, including $2.8 billion in profits in the period.
Below is a breakdown of where GM is at in its layoffs:
Hourly employees: 2,800
GM’s decision to end production in four of its U.S. plants impacted 2,800 hourly workers. The carmaker has said it will have other positions for each of those employees.
“As we’re shrinking production in those plants…we’re growing capacity in other plants where we need additional workers,” a spokesman said.
All of those hourly workers will be given priority for the 1,000 vacancies GM is seeking to fill at its Michigan factory.