General Motors lays off 500 workers to cut costs
The timing of the job cuts seems odd as it roughly comes a month after GM CEO Mary Barra and CFO Paul Jacobson told investors that the company was not planning any layoffs.
US automaker Ford Motors has announced it will eliminate 3,800 jobs over the next three years in Europe to restructure its business, creating a leaner, more competitive cost structure. (Representative image from Pixabay)