The automaker plans to cut production at several factories and reduce its salaried workforce by 15 percent, more than 14,000 employees.
The reductions are part of a massive restructuring that will cost up to $3.8 billion.
The UAW respon
Update 6: While we wait to learn what was discussed during Mary Barra's Monday afternoon meeting with Larry Kudlow, here's a chart to put today's job cuts in context:
While Tesla CEO Elon Musk and the rest of the company's board of directors were posturing as though everything was fine earlier this year - even as the company struggled with ramping its Model 3 production and its CEO became the target of both the SE
Legacy brick-and-mortar retailers have found themselves falling behind this Thanksgiving season as the Black Friday "holiday" moves closer to becoming an online exclusive event.
For decades, General Electric was the number one company to study in business school. As recently as 2014, GE ranked as the top global company for leadership. GE market value has plunged to only $67 billion. It was worth $260 billion just two years a
On Black Friday and the two days prior to it, I received about 60 email solicitations from scores of companies offering Black Friday deals. How did they find me?
Hundreds of Amazon employees are working with the British trade union GMB and planning to gather outside five of the website's fulfillment centers on Friday. Meanwhile, in Italy and Spain, a 24-hour strike is planned. Amazon warehouse workers are s
Buoyed by a strong economy, spending is expected to surpass $1.1 trillion over the entire holiday period, according to a forecast from Deloitte. Here's a glimpse of the retail frenzy.
As the package giant tries to satisfy America's 21st-century shopping-and-shipping mania, it is striving to bring its delivery network out of a past era
It will probably not come as a surprise that this weekend's reported blowup of the commodities-based hedge fund over at OptionSellers.com was likely the result of none other than - wait for it - selling naked options on natural gas
As FAANG stocks lead the market lower during what has become a relentless Q4 selloff, Amazon is hoping to reassure anxious investors that the company's relentless expansion and revenue growth will continue. To wit, the company is taking another big s
McDonald's just pulled a Starbucks - but worse.
The fast-food giant is under fire after a viral video showed a worker at one of its Minnesota franchises kicking a group of black Muslim teenagers out of the restaurant, even as they pleaded with her
as Amazon, Apple, Facebook and Google stocks plummet...The world's richest executives at tech companies including Amazon, Apple, Facebook and Google took a massive hit as the stock market plunged on Tuesday and investors scrambled to sell their share