DETROIT – According to investment strategist David Kudla, General Motors is expected to announce another round of major job cuts Monday.
UPDATE: General Motors acknowledges start of 4,000 layoffs of salaried workers
Reports surfaced Friday stating the automotive company plans on letting go of 4,000 white-collar workers starting Monday.
Kudla, the CEO and CIO of Mainstay Capital Management Tweeted about the expected job cuts.
Black Monday at General Motors. To those who are about to separate, we salute you.
— David Kudla (@David_Kudla) February 1, 2019
In November the company announced that it would cut the jobs of 8,100 white-collar workers by the fourth quarter. At that time, General Motors noted the workers would be forced to take buyouts or be laid off.
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Stay with Local 4 as this story continues to develop.