General Motors Announces Restructuring Plans
The multinational vehicle manufacturer announced that it’s closing five plants in North America, and cutting nearly 15,000 jobs.
It stated that it’s shifting its focus to electric and autonomous vehicles, and shutting down plants in response to changing customer preferences.
GM looks to cut “salaried and salaried contract staff by 15 percent, which includes 25 percent fewer executives”.
Airbnb Appoints a New CFO
The privately-held home sharing marketplace announced that it’s has appointed Dave Stephenson as its new Chief Financial Officer.
Stephenson joins the company from Amazon, “where he was most recently Vice President and CFO of their Worldwide Consumer Organization, which is responsible for all of Amazon’s global website sales including Amazon Prime and subsidiaries such as Whole Foods and Zappos”.
He will start in January and report to Brian Chesky, the company’s Chief Executive Officer. According to multiple reports, Airbnb is reportedly preparing for an IPO in 2019.
British Airways Goes on a Hiring Spree
The UK-based airliner announced that it’s investing in a new apprenticeship “programme to recruit more than 2,000 cabin crew in 2019”.
The apprenticeship program will begin in March of next year and looks to bring on candidates with “no prior cabin crew experience”.
According to the company, more than 2,500 candidates have already applied to the program.