General Motors said Friday it plans to boost employment next year despite concerns raised by autoworkers that the shift to electric vehicles will reduce labor needs.
Hummer EV are seen on the production line as U.S. President Joe Biden tours the General Motors 'Factory ZERO' electric vehicle assembly plant, in Detroit, Michigan, U.S. November 17, 2021. REUTERS/Jonathan Ernst/File Photosaid Friday it plans to boost employment next year despite concerns raised by autoworkers that the shift to electric vehicles will reduce labor needs.and Chrysler-parent Stellantis last month opened contract talks with the United Auto Workers union ahead of the Sept.
Separately, CFRA Research on Friday downgraded GM on concerns about a possible strike after the UAW sought large pay and benefit hikes. GM shares closed down 1% to $36.57. GM said on Thursday the UAW proposals "would threaten our ability to do what's right for the long-term benefit of the team."
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