General Motors will be laying-off employees at the company’s international headquarters in Singapore.
As per Reuters, approximately 90 employees will be laid-off by the end June 2017 and another 40 towards the end of this year. That amounts to around 70% of GM’s current workforce in Singapore.
“As the industry continues to change, we are transforming our business, establishing GM as a more focused and disciplined company,” said General Motors Chairman and CEO Mary Barra.
The company will also be working to improve operations and streamline activities in the region. This is all part of a global effort to save USD 100 million a year.
As per a representative from the organisation – “GM is working with employees, their union representatives and local authorities to provide transition support.”