General Motors will begin laying off 4,250 salaried workers on Monday as part of the restructuring plans the company announced late previous year, two Detroit newspapers reported Friday.
As of Sunday afternoon, it was unclear which jobs or departments would be affected by the expected layoffs, or if salaried workers in the remaining Ontario GM plants - CAMI Automotive in Ingersoll and the St. Catharines Propulsion Plant - would be impacted. The job reductions, part of GM's previously announced plan to reduce its headcount by 15 percent, are coming after more than 2,000 employees accepted voluntary buyouts.
The cost-cutting moves are expected to save GM up to $2.5 billion in 2019 and as much as $6 billion by 2020.
The reduction of about 14,000 jobs was first announced in November, along with plans to close four USA plants and one in Canada while discontinuing several sedan models.
Kudla, the CEO and CIO of Mainstay Capital Management Tweeted about the expected job cuts.
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Beyond the salaried workers who face job cuts, another 6,000 hourly workers at the five plants could still find their positions in jeopardy because of the restructuring.
"We are not confirming timing", General Motors told The Detroit News in a statement. "We will communicate with them first".
A GM spokesman declined to comment on the timing of the layoffs after CNBC and the Detroit News reported they would begin Monday to get ahead of the company's earnings report.
GM has complained that President Donald Trump's trade war has cost the company $1 billion in extra tariffs on imported aluminum and steel.