General Motors Co. on Monday said it had cut several hundred full-time contract workers over the weekend including at its engineering hub in suburban Detroit, the latest effort by the U.S. automaker to streamline operations.
The contractors losing their jobs were within global product development at locations such as the company's Warren Tech Center. The Wall Street Journal reported the job cuts earlier.
GM shares were up 2 percent to $33.73.
GM said in April that about 5,000 salaried workers had opted for buyouts to leave the company. Reuters in February reported that GM cut hundreds of executive-level and salaried jobs.
CEO Mary Barra said in a memo to employees last month that the February job cuts and 5,000 buyouts "have provided approximately $1 billion towards" the $2 billion target.