So much winning!
General Motors will lay off 14,700 factory and white-collar workers in North America and put five plants up for possible closure as it restructures to cut costs and focus more on autonomous and electric vehicles.
The reduction includes 8,100 white-collar workers, some of whom will take buyouts and others who will be laid off. Most of the affected factories build cars that won’t be sold in the U.S. after next year. They could close or they could get different vehicles to build. They will be part of contract talks with the United Auto Workers union next year.
Plants without products include assembly plants in Detroit; Lordstown, Ohio; and Oshawa, Ontario. Also affected are transmission factories in Warren, Michigan, as well as Baltimore.
About 6,000 factory workers could lose jobs in the U.S. and Canada, although some could transfer to truck plants.GM says among the "headwinds" facing the company are the tariffs on imported steel imposed by the Trump regime earlier this year. The steel tariffs have also caused Ford Motor Company last October to look to layoffs, in part to ameliorate the tariffs' negative effects. A lot of workers trusted Trump's bald- faced lies about saving manufacturing and coal jobs. Now the reality (assisted by his boneheaded tariffs) is maybe sinking in, albeit two years too late.
Observations:
Trumbull County, Ohio, shifted 30 points to vote Trump. It didn’t save its car plant. https://t.co/gzuaBBGexw— Post Politics (@postpolitics) November 26, 2018
Apparently the President has no comment about how his policies have led to the loss of 15,000 jobs in states he needs to get reelected.— emptywheel (@emptywheel) November 26, 2018
Trump has been lying this month that car plants are opening in "Michigan and Ohio and Pennsylvania and South Carolina and North Carolina and Florida." https://t.co/GmEX5ynZz2— Daniel Dale (@ddale8) November 26, 2018
Meanwhile, U.S. Steel still isn't opening the 6-8 new plants that Trump repeatedly & falsely claims it is.— Jackie Calmes (@jackiekcalmes) November 26, 2018
While I continue to use the word "lie" sparingly, these are lies he tells to working class Americans who most believe/support him. Coal mines aren't coming back either. https://t.co/RBrssS8PHD
3 comments:
GM of course is making claims that the “trimming” of fifteen thousand jobs and the closing of their plants is how they will stay ahead of the curve and keep profits up. Their stock rose when they announced the layoffs. I'm sure Trump will proclaim a victory in the automobile manufacturing business, with jobs lost and plants closing, because the economy is booming and they needed to cut waste. Never mind the effect of tariffs on steel and the jobs lost.
Obama's economic rise will soon start to decrease because Trump's money management can't sustain what Obama had started. Soon the trillion dollar deficit and tax breaks for the rich will tank the economy as we see our infrastructure fail over and over. Our roads are a mess, our power grids are aging, our ability to withstand the onslaught of more weather crises is diminished by high demand. But Trump will declare victory, congratulate GM management, and go on his way while thousands more are without work
It's the winning, sheeple! So much winning!
donnah -- GM and Trump will find it hard to 'splain to the people getting the pink slips that they're contributing to staying ahead of the curve and helping out the stockholders! It's only going to get harder to mask the failures -- though as you say, try they will.
Also, too, they conveniiently waited til after the midterms to make the announcement about the jobs being lost. I wonder if this disclosure would have affected the votes in the states being hit. Or are those voters just too stupid for words?
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