General Motors Company announced that it will lay off 350 employees at one of its companies in Thailand. It means that 15% of GM workers at its 2 factories in Thailand are cut. Thailand is a car hub in southeast of Asia. GM’s spokesman declared that this was necessary in order to improve the GM activities in Thailand. It is well noting that GM will do all its best to support the layoff workers.
GM is one of the victims of China and US trade war as it had built several car producing mills in China and the tariffs are applied on the products which are going to US.