General Motors is set to make another big round of cuts anticipated this month.
According to auto analyst David Kudla, "the promised, deep cuts to the salaried workforce will begin next week - On 'Black Monday.'" Kudla goes on to say the company is not shying away from the drastic cuts maintain the its future.
"As GM implements its cost cutting plans, we expect more political and public backlash. GM's CEO Mary Barra is clearly not timid about making bold decisions to implement radical change, whether it be forging new technologies or the gut-wrenching shuttering of factories."
Reports say the company is expected to let go of nearly 4,000 white-collar workers on Monday.
In November, General Motors said it would cut 8,100 white-collar workers by the fourth quarter. The workers would either take buyouts or be laid off.
Though GM is not confirming specific timing, a spokesperson did provide Action News this statement:
“We are not confirming timing. Employees are our priority and we will communicate with them first.”
Stay with Action News for updates.
