Sam Huszczo CNBC

GM’s involuntary layoffs start Monday, at least 4,000 workers expected to lose jobs

Tyler Clifford & Robert Ferris | CNBC | February 4, 2019

  • GM plans to start involuntary layoffs on Monday ahead of its earnings report Wednesday.
  • The automaker is expected to make roughly 4,000 involuntary job cuts.
  • GM offered buyouts to 17,700 employees in November.

“Mary is bold man. She doesn’t mind making a tough decision, which is probably nice to see compared to what GM has been historically. Shes not afraid of a tough decision,” said Sam Huszczo, owner of SGH Wealth Management outside of Detroit. He said he manages money for several clients who work at GM.