Tuesday, November 27, 2018

General Motors Layoffs

GM LAYOFFS: President Donald Trump said Monday that he was "very tough" with General Motors CEO Mary Barra Monday following the auto manufacturer's announcement that it will shutter five North American plants and lay off 14,700 workers. Trump said he told Barra that GM "better get back in there soon, that's Ohio." (One of the shuttered plants is in Lordstown, Ohio.)
Trump's "really good feeling" in February from GM "coming back" seems to have dissipated now that the company says his tariffs on foreign metals have cost them an estimated $1 billion. Ford, which is estimated to have lost a similar sum from the metals tariffs, announced last month that it, too, will soon downsize.
Sen. Sherrod Brown (D-Ohio), who is contemplating a presidential bid, said in a written statement that the layoffs represented "corporate greed at its worst," noting that they came after GM received "a massive tax break from last year's GOP tax bill" and that they followed GM's decision to build its new SUV in Mexico. The layoff announcement prompted auto workers in Canada to walk off the job Monday, according to Reuters. More from POLITICO here
Related read: "General Motors News From Ohio, Michigan Could Hurt Trump 2020 Bid," from Roll Call

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