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interesting. in a blow to president trump s continued claims that american jobs are coming back to this country, general motors has announced it will lay off more than 14,000 employees. the auto maker announced that it was slashing the factory jobs yesterday, adding that it was possibly closing up to five plants, including in detroit and ontario and ohio as well as transmission plants in warren, michigan, and near baltimore. the company says the moves are part of a restructuring effort to cut costs and focus on autonomous and electric vehicles. a white house official told nbc ne president trump speaking yesterday said he was not happy ....
Than anything else. there s certainly a head wind that the president put on steel and aluminum costing automakers millions of dollars and there s a market shift as gas prices remained low. american consumers are buying the suvs, the trucks and they don t want the cars that are built at these factories any longer. in terms of these layoffs, is it simply that they are getting ahead of headwinds that are coming or are they optimizing the company? in terms of optimizing, changing strategies towards automation? that will have the same bad impact for factory workers and says something about the company and the economy. certainly gm is trying to make the company leaner and more profitable. what we re also seeing here is a shift toward the future. the two transmission plants that are closing are harbinger of ....