KOKOMO, Ind. (WISH/WLFI) – The General Motors plant in Kokomo will lay off approximately 160 people.
According to a release from the company, employees were notified of the move on Nov. 9.
The layoffs will affect about 100 hourly and 60 salary employees.
The job loss is due to the plant’s decision to halt semiconductor production by mid-2017.
The company said the decision to wind down and eventually stop production of the semiconductor was based on a number of factors. The company said the current production volume of the semiconductor is not profitable. The company also stated the cost to invest money into new equipment to produce the semiconductors exceeded the demand.
Following the layoffs, approximately 600 jobs are expected to remain at the Kokomo plant.
The company said it will work to help identify other job opportunities for salaried employees affected by the move.
Earlier this month, General Motors announced it was laying off more than 2,000 workers at two assembly plants in Ohio and Michigan.