Billionaire Boys Club Member Forum (BBCMF)

[mick]

General Motors (NYSE:GM) – General Motors will lay off 1,695 workers at its Fairfax, Kansas plant in two phases by January 2024. According to Reuters, the first phase will take place on November 18 and the second on January 12. GM will invest $390 million to produce the Chevrolet Bolt EV, with production resuming in 2025, resulting in temporary layoffs. In Ontario, Canada, CAMI plant workers approved a two-year contract with GM, with 95.7% voting in favor. The deal includes an immediate 10% wage increase, followed by 2% in September 2025 and 3% in July 2026, along with a 20.25% wage increase for skilled workers. Shares fell 0.4% in pre-market trading, after closing 0.5% higher on Friday.