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Mon Nov 26, 2018, 11:40 AM

Here's Everything GM Is Closing Down As It 'Invests In The Future' And Cuts 10,000 Jobs

This story is already in LBN (thanks, Eugene):

GM to cut car production in North America, halt some models: source

I'm going to point out the Maryland angle.

Here's Everything GM Is Closing Down As It 'Invests In The Future' And Cuts 10,000 Jobs

Ryan Felton
48 minutes ago

General Motors confirmed news of a major restructuring underway Monday, announcing that five North American plants will be closed, while up to 15 percent of its salaried workforce will be slashed. It marks the end of the plant that makes the Chevrolet Cruze in Ohio, the death of the Chevrolet Volt hybrid and the closure of the iconic Detroit-Hamtramck Assembly Plant.

Amid news Monday that factories in Canada and Ohio will be closed, GM confirmed the reports—and then some—in a statement issued later in the morning, saying it’s all part of an effort to continue “Transforming the global enterprise to advance the company’s vision of Zero Crashes, Zero Emissions, Zero Congestion.”

Further down the flowery language to tee-up up the job cuts, GM says:

In the past four years, GM has refocused capital and resources to support the growth of its crossovers, SUVs and trucks, adding shifts and investing $6.6 billion in U.S. plants that have created or maintained 17,600 jobs. With changing customer preferences in the U.S. and in response to market-related volume declines in cars, future products will be allocated to fewer plants next year.

Assembly plants that will be unallocated in 2019 include:

• Oshawa Assembly in Oshawa, Ontario, Canada.
• Detroit-Hamtramck Assembly in Detroit.
• Lordstown Assembly in Warren, Ohio.

Propulsion plants that will be unallocated in 2019 include:

• Baltimore Operations in White Marsh, Maryland.
• Warren Transmission Operations in Warren, Michigan.

Job cuts are coming, too, after it seemingly failed to get enough workers to take buyouts:....

{snip}

GM’s stock price was up 7 percent on the news.

This is a breaking news post and will be updated.

9 replies, 914 views

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Reply Here's Everything GM Is Closing Down As It 'Invests In The Future' And Cuts 10,000 Jobs (Original post)
mahatmakanejeeves Nov 2018 OP
Hassler Nov 2018 #1
liberal N proud Nov 2018 #2
dixiegrrrrl Nov 2018 #3
brush Nov 2018 #4
zipplewrath Nov 2018 #5
delisen Nov 2018 #6
GeorgeGist Nov 2018 #7
mahatmakanejeeves Nov 2018 #8
Sinistrous Nov 2018 #9

Response to mahatmakanejeeves (Original post)

Mon Nov 26, 2018, 11:43 AM

1. So. Much. Winning.

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Response to mahatmakanejeeves (Original post)

Mon Nov 26, 2018, 11:49 AM

2. Is this more of trumps winnings

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Response to mahatmakanejeeves (Original post)

Mon Nov 26, 2018, 12:12 PM

3. So, companies no longer are closed, they are "unallocated".



Which is a bs word, according to spell check.

Hopefully those 10,000 "unallocated" workers will have the sense to vote Dem. next time around.

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Response to mahatmakanejeeves (Original post)

Mon Nov 26, 2018, 12:14 PM

4. Add to that 10k jobs lost, all the job losses of suppliers and the...

businesses around the plants that will also close and/or lay off workers.

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Response to mahatmakanejeeves (Original post)

Mon Nov 26, 2018, 12:26 PM

5. Those tax cuts at work

Not to mention the reduction in CAFE standards.
As usual, all the winning is happening for the top 20%

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Response to mahatmakanejeeves (Original post)

Mon Nov 26, 2018, 12:43 PM

6. Ah, Where is the gratitude? nt

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Response to mahatmakanejeeves (Original post)

Mon Nov 26, 2018, 12:44 PM

7. 🖕trucks.

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Response to GeorgeGist (Reply #7)

Mon Nov 26, 2018, 12:47 PM

8. Nobody's going to make you buy one. NT

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Response to mahatmakanejeeves (Reply #8)

Mon Nov 26, 2018, 01:00 PM

9. That's really not the point, is it.

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