Home » NYTimes.com: GM laying off 14,700 workers as it looks to cut costs

NYTimes.com: GM laying off 14,700 workers as it looks to cut costs

General Motors said Monday that it planned to idle five factories in North America and cut several thousand blue-collar and salaried jobs in a bid to trim costs.

The action follows similar job-cutting moves by Ford Motor in the face of slowing sales and a shift in consumer tastes, driven in part by low gasoline prices.

The five G.M. plants will halt production next year, resulting in the layoff of 3,300 production workers in the United States and 3,000 in Canada. The company also aims to trim its salaried staff by 8,000. For more on this story, please go to NYTimes.com.