Business Report: Auto Industry Job Cuts
Friday, November 30, 2018
Photo by Associated Press
KPBS anchor Ebone Monet and SDSU marketing lecturer Miro Copic discuss some of the week’s top business stories.
GM slashes jobs, scales back production
General Motors announced this week that it will cut nearly 15,000 jobs in North America and end production at several factories in the Midwest and Canada. The decision includes an end to the production of several sedan models as the company promises a larger focus on electric and autonomous vehicles.
Aetna and CVS complete merger
Major healthcare provider Aetna and retail pharmacy chain CVS have finalized a merger valued at $69 billion. The new company plans to roll out changes to CVS stores in 2019 that could streamline the way customers access health care.
Jack In The Box Reportedly Seeks Buyer
Shares of San Diego based fast food chain Jack in the Box rose this week amid several reports that the company is looking to sell. Corporate leadership has not commented on the reports. Jack in the Box has had trouble in recent months with franchisees, who have expressed dissatisfaction with the company's strategic decisions and management.
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