Now that once-reliable route to prosperity appears to be vanishing, as evidenced by General Motors’ announcement this week that it plans to shed 8,000 white-collar jobs on top of 6,000 blue-collar ones. Since 2008, The Associated Press found, roughly a third of major U.S. metro areas have lost a greater percentage of white-collar jobs than blue-collar jobs. GM got 2,250 white-collar workers to take buyouts, and will have to complete the cutbacks by way of layoffs. Nearly all of the 8,000 white-collar cutbacks will be in metropolitan Detroit, largely at GM’s technical centre in Warren, a suburb north of the city. If that were to happen, the cutbacks could leave GM without the vital expertise it needs.

Source: National Post December 01, 2018 16:31 UTC