General Motors (GM) announced Wednesday that it would be letting go 2,000 employees in the Midwest as the result of what they believe is a continued shift from small cars to crossovers and trucks. The plants affected by the layoffs build cars for Chevrolet and Cadillac, Fortune reported.
Both factories will be losing their third shift in January. However, GM will be investing $211 million in the Lansing Grand River facility in Michigan for a new vehicle that still remains a mystery.
GM will also invest $667.6 million in a different Ohio facility. The Toledo Transmission facility will be able to keep 739 jobs with the investment. An additional $37 million is going to the Bedford Casting Operations in Indiana, where 45 workers will be able to keep their jobs as a result, the Detroit News reported.
GM has stated that it is committed to keeping small car production in the US. However, they have invested $5 billion in Mexico with little information available about what kind of vehicle they will build there.
Via: RT America