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Tag: General Motor Co

  • Stocks making the biggest moves in the afternoon: GE, SI, PTN, ETSY

    jetcityimage | iStock Editorial | Getty Images Take a look at the companies that take the biggest steps in the afternoon: General Electric – Shares rose 6.3% after the company provided an update ahead of its investor meeting, including reaffirming its 2023 outlook of single-digit organic sales growth, adjusted earnings per share of $1.60-$ 2 […]

  • GM offers buyouts to a ‘majority’ of American wage earners

    General Motors will offer voluntary takeovers to a “majority” of its U.S. employees, according to a letter CEO Mary Barra sent to employees Thursday. GM CEO Mary Barra speaks to media ahead of the start of the 2017 General Motors Company Annual Meeting of Stockholders Tuesday, June 6, 2017 at GM Global Headquarters in Detroit, […]

  • General Motors is cutting 500 salaried employees

    General Motors is cutting hundreds of paid positions as it follows other major companies, including competitors, in reducing headcount to conserve cash and increase profits. The cuts will affect some 500 jobs, said a person familiar with the plans, which were announced internally on Tuesday. Mary Barra, CEO, GM at the NYSE, November 17, 2022. […]

  • Layoffs are on the rise, but some employers can’t hire fast enough

    Layoffs have recently expanded beyond tech giants like Microsoft and Amazon. Service businesses such as hospitality and restaurants have hired people to rebuild after the pandemic. The Fed is closely monitoring job and wage growth to curb inflation. A for rent sign hangs on the window of a Chipotle restaurant in New York, April 29, […]

  • The Ford F-150 Lightning had a separate battery problem before the fire

    Ford employees will produce the electric F-150 Lightning pickup on December 13, 2022 at the automaker’s Ford Rouge Electric Vehicle Center (REVC). Michael Wayland | CNBC DETROIT – A faulty battery that caused a company-owned Ford F-150 Lightning to catch fire earlier this month isn’t the only problem the Detroit automaker has recently experienced with […]