Does this sound familiar?
The Associated Press reports:
"General Motors will cut up to 14,000 workers in North America and put five plants up for possible closure as it abandons many of its car models and restructures to focus more on autonomous and electric vehicles, the automaker announced Monday.
"The reductions could amount to as much as 8 percent of GM's global workforce of 180,000 employees.""The restructuring reflects changing North American auto markets as manufacturers continue to shift away from cars toward SUVs and trucks. In October, almost 65 percent of new vehicles sold in the U.S. were trucks or SUVs. That figure was about 50 percent cars just five years ago.
"GM is shedding cars largely because it doesn't make money on them, Citi analyst Itay Michaeli wrote in a note to investors."And...
"Trump, who has made bringing back auto jobs a big part of his appeal to Ohio and other Great Lakes states that are crucial to his re-election, also said he was being tough on General Motors CEO Mary Barra.
"At a rally near GM's Lordstown, Ohio, plant last summer, Trump told people not to sell their homes because the jobs are 'all coming back.'"
After Fisher Body closed, they sent my Dad to Tarrytown. Then they closed Tarrytown, sent him to Lordstown, fortunately he was able to retire a while back. "At least we don't have to move this time." That area never recovered when the steel mills left, got hit again by Delphi (formerly Packard Electric) during the 2009 bankruptcy, and the recent cutting of 2nd and 3rd shifts at the car plant sent all those people to fill up the remaining low-wage service industry and retail jobs. Heartbreaking
ReplyDeleteHeartbreaking, indeed. Sorry to hear about the perilous journey of your dad, and many others. In my opinion, that's no way to run an economy. Hope he got to enjoy retirement. Thanks for writing.
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