General Motors to lay off thousands of workers

US car manufacturer General Motors has decided to cut its workforce by almost 15%, shedding 15,000 jobs, according to Reuters.

The company says it is due to a variety of reasons. Among these are other rising costs – due partly to tariffs on imported steel -, shifting consumer demands, and changing technologies in the industry. GM plans on focusing more on electric and self-driving vehicles. The auto industry in general is in a general transition towards electric vehicles as consumers become more environmentally conscious. Climate change is the primary driver of this process.