General Motors Co. is set to reduce its workforce by over 1,300 employees at two auto plants located in Michigan, with the changes taking effect on January 1st.
According to recent filings made with state regulators, the automaker plans to lay off 945 workers at its facility in Lake Orion, Michigan. Additionally, its Lansing Grand River assembly/stamping plant will see 369 positions being eliminated.
The layoff of employees at the Lake Orion facility was initially announced in October. This plant is responsible for assembling the electric Chevrolet Bolt, which is slated to conclude production by year-end.
In addition to other models, the Lansing Grand River plant currently produces Chevrolet Camaros, which will no longer be manufactured by GM starting in January.
GM has yet to comment on the matter.
It is important to note that in November, the United Auto Workers (UAW) ratified a new contract with General Motors following a months-long strike.
While GM shares have experienced a significant surge of more than 30% over the last month, their year-to-date increase stands at only 8%. This is in contrast to the S&P 500’s 23% gain in 2023.
Also see: GM’s robotaxi unit Cruise dismisses 9 top executives and announces layoffs amid an ongoing investigation into a pedestrian injury caused by a San Francisco crash.