General Motors plans a reduction

General Motors is planning a huge staff reduction. The decision was made because of the relocation of the production from Michigan to Tennessee state that will lead to dismissal of 1,1 thousand people. This is not the first employee reduction in General Motors. Last summer the company dismissed around two thousand people because of the low sells. The decrease of the workforce will affect nega-tively company’s stocks.

From the end of January, General Motors stocks decreased by 1,9% and continue the negative trend. Trading will be available during American session, from 14:40 to 21:00 GMT.

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