General Motors Co. (NYSE:GM) is reportedly laying off over 1,300 employees across two Michigan plants following termination of production for the Chevrolet Camaro and Bolt.
What Happened: While a total of 945 workers will be laid off at the Lake Orion assembly plant, another 369 will be laid off at the Lansing Grand River Assembly plant, reported Detroit News, citing letters filed with the state of Michigan. The layoffs will start in January.
The production of the Bolt EV and EUV will wrap up next week at Lake Orion. Following that, the plant will be retooled in preparation ...