Shares of General Motors Co. GM slipped 0.1% in premarket trading Thursday, after the automaker announced a voluntary separation program that is expected to lead to an employee separation charge of $1.5 billion. The announcement comes a little over a week after The Detroit News reported that GM was cutting about 500 jobs, which was roughly a month after the company said it wasn’t planning layoffs. But on Jan.
1% in premarket trading Thursday, after the automaker announced a voluntary separation program that is expected to lead to an employee separation charge of $1.5 billion. The announcement comes a little over a week after The Detroit News reported that GM was cutting about 500 jobs, which was roughly a month after the company said it wasn’t planning layoffs. But on Jan. 31, the company said it planned to implement a cost-cutting program aimed at cutting costs by $2.0 billion per year by 2024.