GM to start laying off 4,000 salaried workers on Monday
Source: CNN
New York (CNN Business) Layoffs for about 4,000 salaried staff at General Motors are due to start Monday -- a previously announced move that comes just as President Donald Trump prepares to trumpet American manufacturing at next week's State of the Union address.
The layoffs are part of a 15% reduction in white collar jobs in North America that the automaker first announced back in November. At the same time, it announced plans to close four US plants as well as a fifth in Canada.
The job cuts and plant closings are part of ongoing cost reductions to free up $6 billion annually to invest in a new generation of autos, such as electric and self-driving vehicles. It is also making a push to develop a ride hailing service that will allow GM to make more money by selling rides to customers rather than vehicles.
But the move enraged Trump, who repeatedly lambasted GM CEO Mary Barra over the decision. In his rebuke of GM, Trump focused on the closures in Ohio, a state he won in the 2016 election. The company also announced plans to shutter facilities in Maryland and Michigan.
Read more: https://www.google.com/amp/s/amp.cnn.com/cnn/2019/02/01/business/gm-layoffs/index.html
The US auto industry has shrunk under Trump with car makers discontinuing cars, yet the Trump administration also continues to report low employment figures.
Since when has a large corporation announced a huge hiring spree under Trump in recent months?
NurseJackie
(42,862 posts)... but not the ones who voted for Trump or who followed Susan Fucking Sarandon's advice.
rogue emissary
(3,148 posts)TomCADem
(17,390 posts)First, the tax bill makes it easier for companies to close plants and move operations, plus Trump/Bernie's steel tariffs make it more expensive to manufacture cars in the U.S.
Second, Trump's roll back on auto-efficiency standards creates an incentive to dump cars, and build higher margin SUVs, thus causing US automakers to pivot toward such fuel guzzling autos.
rogue emissary
(3,148 posts)I have to admit I don't recognize the names of most of Donny's economic advisers if I'm wrong.
TomCADem
(17,390 posts)Bernie Sanders has long been a champion of steel tariffs...that is until Trump actually imposed steel tariffs, then Bernie opposed them. But, make no mistake, that prior to Trump's presidency and during the first year of it, Bernie was pushing for steel tariffs until Trump actually did it, then Bernie was against it.
https://www.usatoday.com/story/news/politics/onpolitics/2016/03/31/bernie-sanders-pledges-rewrite-disastrous-trade-deals/82473012/
Along with NAFTA, Sanders said he also would rewrite CAFTA, permanent normal trade relations with China, and the Korean Free Trade Agreement.
He didnt specify what changes he would make but said U.S. workers shouldn't be forced to compete against people making pennies an hour. He also criticized deals that lead corporations to move to countries such as China where there are virtually no environmental standards compared to the U.S.
That is not fair competition, he said.
His campaign says Sanders also would impose countervailing tariffs on imports from China and Japan until they stop dumping steel into the United States and stop manipulating their currencies.
In addition, Bernie has been keeping pressure on Trump to not stop with tearing up TPP, but to also tear up NAFTA, which Trump still has yet to do. Bernie Sanders should call attention to this that Trump is simply stealing from Bernie's playbook, so that when economic exceeds 3% as Bernie predicted under his policies, Bernie gets the credit.
https://www.bloomberg.com/news/articles/2017-12-13/bernie-sanders-to-trump-on-nafta-for-once-keep-your-promise
Bernie Sanders Tells Trump to Keep His Promise on Nafta
President Donald Trump is finding an unlikely ally in his efforts to overhaul the North American Free Trade Agreement: the political left.
Civil-society groups, union leaders and left-wing politicians have opposed almost everything Trump has done. But theyre urging him to stand firm in his attempt to overhaul Nafta -- and face down opposition from business groups, who complain that U.S. companies will be hurt by the proposed changes. Mexico and Canada have called U.S. demands unworkable, including on regional-content requirements for cars and investor-state dispute systems.
Senator Bernie Sanders, an outspoken critic of trade deals in his campaign for president last year, called on Trump to deliver. When Donald Trump campaigned for president, he promised that he was going to stop corporations from shifting American jobs to Mexico, Sanders said Wednesday at a rally for the #ReplaceNafta movement in Washington. For once in your life, keep your promises.
KY_EnviroGuy
(14,494 posts)Collectively, we Americans are spoiled and hypocrites. Trump has cranked up the mass delusion 100X.
A few examples to illustrate this contention:
*We want jobs to stay in the U.S., while wanting all the latest shiny objects on the shelf at Walmart at rock-bottom prices.
*We're delusional in thinking we can make all the steel for cars and buildings in the U.S., yet say we don't want stinky, polluting steel mills here, with all the waste byproducts and massive energy demands.
*We want products made here under fair, humane working conditions, yet each year buy many billions of $$$ of products produced with slave labor and/or horrific working conditions.
*We want clean air and water, yet some would be willing to have fracking wells on every square foot of land in the nation (except for where they live).
*We want fast, comfortable, cheap, individualized transportation at our fingertips which is contrary to saving the planet from rapid climate change - and which will likely drive demand for mass migration in our direction. While other nations embrace mass transportation, we see it as "inconvenient".
*We want someone else available to do most dirty, back-breaking, low-wage jobs here - yet many demand those who are here doing those jobs be deported.
Our politicians with their billionaire backers know exactly how control our thinking and emotions, our votes, and our lives.
Rant done.....
Aussie105
(5,434 posts)and absolutely true.
Forgot to mention:
Support wars to push democracy around the world, as long as the war isn't on your own soil.
Want cheap power from nuclear plants, but don't bury the waste anywhere near where I live.
KY_EnviroGuy
(14,494 posts)Along with those jobs that have left America (steel, textiles, etc,), we also exported the environmental pollution, labor laws and human rights controls that accompanied them here.
It's time we got honest with ourselves and try to talk about these issues......
rogue emissary
(3,148 posts)workinclasszero
(28,270 posts)Yo_Mama_Been_Loggin
(108,192 posts)Blue_playwright
(1,568 posts)Nt
Sherman A1
(38,958 posts)I guess all the winning is really coming home.
Historic NY
(37,453 posts)Chevrolet Volt March 1st
Chevrolet Cruze March 1st
Chevrolet Impala June 1st
Cadillac CTS June 1st
Cadillac XTS end 2019
Buick LaCrosse March 1st
People so worried might, want to buy cars instead of complaining. Thing I always found amusing was GM employee parking lots with other manufacturer's brands.
Again all we hear is complaints about GM, Ford is retrenching its vehicle line to stop making cars except for Mustang.
Bengus81
(6,932 posts)And how many of those were min wage Mc Jobs?? The HELP WANTED sign is always out at a Mickey D's a couple of miles from my house.
Capt. America
(2,478 posts)GM is "following" trends of what Americans buy; not passenger cars, but rather SUV suburban assault vehicles.
Cold War Spook
(1,279 posts)That would be fun.