The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.1 - Manufacture of motor vehicles
European Globalisation Fund (EGF)
Year: 2010, Case number: 29
47,000 jobs Number of planned job losses
Announcement Date
19 February 2009
Employment effect (start)
Foreseen end date
31 December 2009
Description
General Motors, the US biggest carmaker, has presented a reviewed restructuring plan that envisages 47,000 job cuts out of a total 244,500 worldwide by the end of 2009 due to a further deterioration of the global economy. The dismissals are the largest workforce reduction announced by a US company since the beginning of 2008. The GM job cuts include 10,000 salaried and 37,000 blue-collar positions. Jobs outside the US will account for 26,000 of the reductions.
Sources
19 February 2009: Hospodárske noviny
Citation
Eurofound (2009), General Motors, Internal restructuring in World, factsheet number 68252, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68252.
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