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General Motors to lay off 1,500 employees in Thailand

General Motors to lay off 1,500 employees in Thailand

Mubasher: General Motors is set to lay off around 1,500 employees in Thailand in June 2020, Reuters reported on Wednesday.

The decision followed the sale of two of the automaker’s plants in the eastern industrial province of Rayong to China’s Great Wall Motor.

General Motors is also planning to wind down presence in Australian and New Zealand

Adviser to Thai labour minister, Jak Punchoopet, said that all of the Rayong plants’ employees will be laid off under the terms of the agreement with Great Wall.

“The agreement was only for the sale of the plants and didn’t include the transfer of employees,” Punchoopet noted.