UPDATE | GM details plan to sell Lordstown plant to Workhorse

Published May 8, 2019 at 11:40 a.m.
Updated May 8, 2019 at 2:34 p.m.

DETROIT — General Motors Co. said the move to sell its Lordstown facility to electric vehicle-maker Workhorse Group Inc. “has the potential to bring significant production and electric vehicle assembly jobs to the plant,” in a statement Wednesday afternoon.

Governor on future of GM Lordstown plant
Video Image Link | Published: May 8, 2019 at 2:02 p.m.
Ohio Governor Mike DeWine and Lt. Governor Jon Husted spoke today about the potential sale of the General Motors facility in Lordstown.
“This potential agreement creates a positive outcome for all parties involved and will help solidify the leadership of Workhorse’s role in the [electric vehicle] community,” said Workhorse CEO Duane Hughes.

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Some 3,000 GM Workers Face Layoffs: Report

Some 3,000 GM Workers Face Layoffs: Report

DETROIT, MI — General Motors hoped at least 7,000 white-collar workers would sign up by noon Monday for a buyout offer, but managers told employees last week that it was likely to fall short, raising the prospect of significant layoffs, according to reports.

The number volunteering for the offer is likely be closer to 4,000 based on estimates by an actuary, some GM employees said managers told them, the Detroit Free Press reported.

That means 3,000 or more salaried workers in North America could be terminated starting in January if the automaker in fact opts for forced job cuts, which it has said it would consider if buyouts fell short.

General Motors has a salaried workforce of about 50,000 employees, reports say. Nearly 18,000 of those employees qualified for a buyout offer that included six months pay and six months of healthcare coverage.

The automaker announced the buyout offer on the same day it reported $2.5 billion in 3rd quarter profits. The company has been disciplined on costs and has enjoyed strong SUV and truck sales.

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