Are We Sick of Winning Yet? GM to slash 14,700 jobs in North America

Dec 2006
25,445
10,421
New Haven, CT
#1
(Breaking News: 1 Minute Ago)

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.
More than 6,000 factory workers could lose jobs in the U.S. and Canada, although some could transfer to truck and SUV plants.
GM, the largest automaker in the U.S. and includes the Chevrolet, Buick, Cadillac and GMC brands, said the moves will save $6 billion in cash by the end of next year, including $4.5 billion in recurring annual cost reductions and a $1.5 billion reduction in capital spending.
GM to slash 14,700 jobs in North America
 
Jun 2018
523
172
Toronto
#2
Yeah the closure of the Oshawa plant was leading news in the morning shows in Ontario. I guess it will make american vehicles even more popular in Canada...

:)
 
Dec 2015
13,176
12,035
Arizona
#4
(Breaking News: 1 Minute Ago)

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.
More than 6,000 factory workers could lose jobs in the U.S. and Canada, although some could transfer to truck and SUV plants.
GM, the largest automaker in the U.S. and includes the Chevrolet, Buick, Cadillac and GMC brands, said the moves will save $6 billion in cash by the end of next year, including $4.5 billion in recurring annual cost reductions and a $1.5 billion reduction in capital spending.
GM to slash 14,700 jobs in North America

Are WE great or WHAT?? LOL
 
May 2018
3,228
1,849
Chicago
#5
Let's see...car companies scaling back, farmers not able to sell their crops to the point many of them will lose their farms...

So much winning.

MAGA! :rolleyes:
 
Last edited:
Likes: Clara007
Jun 2018
2,768
716
South Dakota
#6
The economic boom has given American and foreign industry another chance after the reversals and stagnation of the period from 2000 to 2016. Some chose not to use that time to reorganize and recover. GM obviously did not. The Obama bailout of the UAW made it possible for the automaker to continue as they were, in the last century. Now comes the need to reorganize or fail, this time with no bail out on the horizon.

Still more winning to come. Albeit accompanied by much whining from the left.
 
Mar 2013
8,323
8,980
Middle Tennessee
#7
The economic boom has given American and foreign industry another chance after the reversals and stagnation of the period from 2000 to 2016. Some chose not to use that time to reorganize and recover. GM obviously did not. The Obama bailout of the UAW made it possible for the automaker to continue as they were, in the last century. Now comes the need to reorganize or fail, this time with no bail out on the horizon.

Still more winning to come. Albeit accompanied by much whining from the left.

Actually GM is more profitable than it's ever been. They learned their lesson. They have continuously been rationalizing their product lines and trimming head count. Auto sales as a whole have been slightly off this year. The housing market is soft as well. Two very key indicators that all is not well in the economy.
 
Dec 2013
30,270
18,396
Beware of watermelons
#9
Actually GM is more profitable than it's ever been. They learned their lesson. They have continuously been rationalizing their product lines and trimming head count. Auto sales as a whole have been slightly off this year. The housing market is soft as well. Two very key indicators that all is not well in the economy.
Don't forget that the "bad loan" industry moved to cars and the horrible "cash for clunkers" program both artificially dropped up the auto industry.

The new car market is going to be the 1st domino of many of this house of cards ending most likely in the USD.
 

Similar Discussions