Black Monday: GM to Lay Off 4K American White-Collar Workers | WHAT REALLY HAPPENED


Black Monday: GM to Lay Off 4K American White-Collar Workers

Executives at General Motors (GM) announced Friday that about 4,250 white-collar workers would be laid off, the vast majority of whom are in the United States, as the multinational corporation continues shifting production overseas and to Mexico.

GM executives are set to start the layoffs on Monday of next week, with an investment strategist declaring the day “Black Monday” as thousands of workers in the U.S. and Canada will be terminated from their positions.

“Black Monday at General Motors,” David Kudla wrote online. “To those who are about to separate, we salute you.”

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