PBS NewsHour

Why GM’s mistaken bet led to major layoffs

Clip: 11/27/2018 | 5m 54s | Video has closed captioning.

General Motors has announced it is cutting its workforce by 14,000 employees, closing several plants in North America and eliminating at least five passenger car models. The corporate overhaul, which represents the company's biggest shakeup since it faced bankruptcy a decade ago, will result in 25 percent fewer executives. David Shepardson of Reuters News discusses the details with Judy Woodruff.

Aired: 11/27/18

Rating: NR

Problems Playing Video? | Closed Captioning

Major corporate funding for the PBS NewsHour is provided by BNSF, Consumer Cellular, Leidos, Babbel, and Raymond James. Funding for the PBS NewsHour Weekend is provided by Mutual of America. …