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Market Chatter: GM-LG Battery Firm in Ohio Delays Return of Workers

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General Motors' (GM) partly owned battery plant in Ohio is delaying the return of hundreds of workers amid weak demand for electric cars, Reuters reported Friday, quoting unnamed sources and an internal announcement sent to employees.

Employees at the Ultium Cells plant in Warren, Ohio, which is jointly owned by GM and LG Energy Solution, were now told they will start returning to work in August, the report said.

Workers at the plant have been out of work since January, when they were told they would return in June, Reuters reported.

Ultium Cells and GM didn't immediately respond to requests for comment by.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $84.21, Change: $-0.14, Percent Change: -0.17%

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