The electric vehicle industry has taken a hit since the government’s tax credit for new buyers was eliminated under the Trump administration. In response, manufacturers have adopted various strategies, and now General Motors (GM) is making significant workforce reductions.
GM has confirmed that it laid off over 1,700 employees across its Michigan and Ohio locations due to a slowing EV market. According to a statement provided to CNBC, 1,200 of the affected employees were based at the Detroit EV plant, while another 550 were at the Ultium Cells plant in Ohio. In addition to these permanent layoffs, there were 1,550 temporary layoffs between the Ohio plant and a facility in Tennessee.
The company attributes these cuts to shifts in the EV market landscape. “In response to slower near-term EV adoption and an evolving regulatory environment, General Motors is realigning EV capacity,” the statement explained.
Despite these workforce reductions, GM reiterated its commitment to its U.S. manufacturing footprint. The company emphasized that its investments and dedication to flexible operations will help GM become more resilient and better positioned to lead through ongoing changes in the industry.
https://www.shacknews.com/article/146568/general-motors-1700-employees-laid-off