GM Laying Off 4,000+ White Collar Salaried Workers

[AC Slater]

They took over $10 billion of bailout money in 2009 and are now closing plants in the US but opening them in China and Mexico.  Also laying off over 4,000 white collar salaried workers when they just made $13 billion dollars of profit in 2019!

Boycott this piece of shit company and send them back into bankruptcy, this time with no bailout!


http://fortune.com/2019/02/01/gm-start-layoff-4000-workers-monday/

[Pray_4_War]

They build shit vehicles too.  Shut them down and confiscate their assets.

[HTexan]

Thanks trump! Single handedly destroying American jobs!

[SF1900]

They took over $10 billion of bailout money in 2009 and are now closing plants in the US but opening them in China and Mexico.  Also laying off over 4,000 white collar salaried workers when they just made $13 billion dollars of profit in 2019!

Boycott this piece of shit company and send them back into bankruptcy, this time with no bailout!


http://fortune.com/2019/02/01/gm-start-layoff-4000-workers-monday/

Make America Great Again.....send American companies overseas.  

[Palumboism]

They took over $10 billion of bailout money in 2009 and are now closing plants in the US but opening them in China and Mexico.  Also laying off over 4,000 white collar salaried workers when they just made $13 billion dollars of profit in 2019!

Boycott this piece of shit company and send them back into bankruptcy, this time with no bailout!


http://fortune.com/2019/02/01/gm-start-layoff-4000-workers-monday/

Usually auto CEO's will wait till a downturn to start the layoffs.  Mary has made the decision to make the cuts before the downturn, so those employees have a better chance of finding another job while the economy is still strong.  GM's cutting 25 percent of executive management.  Those people have strong resumes and will easily be able to find other jobs.

[funk51]

don't blame trumpenstein for this one.

[Humble Narcissist]

Usually auto CEO's will wait till a downturn to start the layoffs.  Mary has made the decision to make the cuts before the downturn, so those employees have a better chance of finding another job while the economy is still strong.  GM's cutting 25 percent of executive management.  Those people have strong resumes and will easily be able to find other jobs.

Taco Bell is hiring window help.

[honest]

I supported Trumps policy of lower company taxes as an experiment, what I didn't realise then that I do now is most companies don't pay company tax, they run onshore losses and complex accounting so as to avoid, so whilst Trump is helping small business which is great, he really makes no difference to the top end of town as they usually just simply avoid or minimise tax.

Real shame but i hoped his lower taxes policy would have stopped this from happening, what he really needs to do now is place tariffs on these cars that will arrive as imports so that the commercial value lost is greater to the company as a non resident manufacturer. That will take some doing, the democrats will be happy to have the emission reduction from loss of industry, they would see the jobs as being a sad but unsustainable in the new america, where free healthcare and welfare paid for with thin air is the perfect sustainable marxist future.

[myt1]

I supported Trumps policy of lower company taxes as an experiment, what I didn't realise then that I do now is most companies don't pay company tax, they run onshore losses and complex accounting so as to avoid, so whilst Trump is helping small business which is great, he really makes no difference to the top end of town as they usually just simply avoid or minimise tax.

Real shame but i hoped his lower taxes policy would have stopped this from happening, what he really needs to do now is place tariffs on these cars that will arrive as imports so that the commercial value lost is greater to the company as a non resident manufacturer. That will take some doing, the democrats will be happy to have the emission reduction from loss of industry, they would see the jobs as being a sad but unsustainable in the new america, where free healthcare and welfare paid for with thin air is the perfect sustainable marxist future.

Good post Honest!

I don't know how it would/could work, but I felt like there should have been some type of law where companies that benefited from the tax breaks had to prove that the money trickled down and resulted in better pay, new jobs, lower health-care premiums, or any combination of those while it would also being illegal and punishable for executives to be the beneficiary of those cuts in any way.  I know it would be really difficult to enforce, but regular forensic audits should be able to show what's happening.

[SF1900]

Taco Bell is hiring window help.

I work at Auto Zone and we are actually doing quite well!

[Humble Narcissist]

I work at Auto Zone and we are actually doing quite well!

You'll be getting flooded with applications from over educated unemployed people from GM soon.

[Hypertrophy]

GM cars just aren’t popular with US customers. GM management can’t figure out how to fix it so they lay off people and move to lower cost of production countries. That is only rearranging deck chairs on the Titanic. Instead of an indictment of Trump’s policies this is an indictment that GM is finished as a company. They will end up just making Silverados and fade as a car manufacturer. End of story.

[USMC 1371]

My friends wife works at corporate GM downtown Detroit. She said it was like the walking dead down there.
She could she an endless line of car services outside waiting to take people home who got the axe and had to give back the keys to their company car. There was no way to tell who was getting let go. It was not merit based at all. Security staff would just show up on a floor and tell them they had to leave and then escort them out and take their keys.

[oldtimer1]

When Obama offered the massive bail out to GM, Chrysler and Ford one company refused the money. It was Ford. This infuriated Obama because he wanted it to appear it was necessary. Ford recovered just the same as the other two on their own terms. To save face Obama played semantics and claimed Ford took bail out money when it was a relatively minor and separate green energy grant that all three took. No, Ford never took the massive bail out. It's also a myth that GM and Chrysler paid back the money in full.

Regarding GM laying of workers it has nothing to do with Trump but their own mismanagement. The economy is doing amazing by every objective mathematical measure.  Liberals rejoice in GM laying off workers so they can use this as propaganda to sway simpletons.

[Humble Narcissist]

When Obama offered the massive bail out to GM, Chrysler and Ford one company refused the money. It was Ford. This infuriated Obama because he wanted it to appear it was necessary. Ford recovered just the same as the other two on their own terms. To save face Obama played semantics and claimed Ford took bail out money when it was a relatively minor and separate green energy grant that all three took. No, Ford never took the massive bail out. It's also a myth that GM and Chrysler paid back the money in full.

Regarding GM laying of workers it has nothing to do with Trump but their own mismanagement. The economy is doing amazing by every objective mathematical measure.  Liberals rejoice in GM laying off workers so they can use this as propaganda to sway simpletons.

Yes and Ford took shit from the libs saying they would end up shutting down if they didn't take money from Big Daddy Obama and Uncle Sam.  Never listen to liberals when it comes to anything economic.  Just look at the Green New Deal to see how bright their ideas are.

[FitnessFrenzy]

I work at Auto Zone and we are actually doing quite well!

they are very lucky to have you

[XFACTOR]

When Obama offered the massive bail out to GM, Chrysler and Ford one company refused the money. It was Ford. This infuriated Obama because he wanted it to appear it was necessary. Ford recovered just the same as the other two on their own terms. To save face Obama played semantics and claimed Ford took bail out money when it was a relatively minor and separate green energy grant that all three took. No, Ford never took the massive bail out. It's also a myth that GM and Chrysler paid back the money in full.

Regarding GM laying of workers it has nothing to do with Trump but their own mismanagement. The economy is doing amazing by every objective mathematical measure.  Liberals rejoice in GM laying off workers so they can use this as propaganda to sway simpletons.

You are not telling the full story or maybe just don't know what the story is. I can educate you as Ford was good client of mine for a while.

They were bailed out. In other ways.
They got a $5 billion billion loan from the Energy Department's Advanced Technology Vehicles Manufacturing program. For the money, it pledged to accelerate development of both hybrid and battery-powered vehicles, close dealerships, and sell Volvo. It upgraded factories in Illinois, Kentucky, Michigan, Missouri, and Ohio to produce hybrid vehicles.” We tried to help them optimize these plants but the union got involved quickly after implementation saying our software platform was policing the employees. When we deployed at Toyota, even BMW the returns were substanial for them but alas no unions.
Should be  noted that ford, ten years later, is in last place, as of now, in regards to the development of hybrid and battery powered vehicles.

[milone79]

FUCK GM!!!!!! they haven't made a decent vehicle in decades!! Can't compete with Japan or Germany then you should go out of business and the government should not be propping them up!!! Let the company crash and burn and the Unionist high school drop outs have to go out and find real jobs for a change!!!

[Tapeworm]

My friends wife works at corporate GM downtown Detroit. She said it was like the walking dead down there.
She could she an endless line of car services outside waiting to take people home who got the axe and had to give back the keys to their company car. There was no way to tell who was getting let go. It was not merit based at all. Security staff would just show up on a floor and tell them they had to leave and then escort them out and take their keys.

That's crazy insulting, to have security goons present as if you can't control your actions.  I think I'd be more angered by that than by the loss of the job.

Besides, it sort of admits that the company treated you badly enough for years that your were kept just under boil-over only by the promise of continued income.

Imo if you're that close to violence in the first place, and the company adds the insult of goons to the injury of sacking you, then, hey, maybe they got it coming.  You take the one on the left, I'll take the right, then we own this floor!

[Palumboism]

That's crazy insulting, to have security goons present as if you can't control your actions.  I think I'd be more angered by that than by the loss of the job.

Besides, it sort of admits that the company treated you badly enough for years that your were kept just under boil-over only by the promise of continued income.

Imo if you're that close to violence in the first place, and the company adds the insult of goons to the injury of sacking you, then, hey, maybe they got it coming.  You take the one on the left, I'll take the right, then we own this floor!

They do the same thing where I work even if it's a contractor who's contract isn't being renewed.  The head of security's huge and he brings two guards with him.  Everybody knows what's going on when this happens. 

A co-worker told me story about another large three letter computer company.  When one of the employees gave his two weeks notice.  He sent a letter saying he wanted to work there his entire life, but was so disappointed he was leaving.  They immediately sent two armed guards to escort him out.

[Humble Narcissist]

You are not telling the full story or maybe just don't know what the story is. I can educate you as Ford was good client of mine for a while.

They were bailed out. In other ways.
They got a $5 billion billion loan from the Energy Department's Advanced Technology Vehicles Manufacturing program. For the money, it pledged to accelerate development of both hybrid and battery-powered vehicles, close dealerships, and sell Volvo. It upgraded factories in Illinois, Kentucky, Michigan, Missouri, and Ohio to produce hybrid vehicles.” We tried to help them optimize these plants but the union got involved quickly after implementation saying our software platform was policing the employees. When we deployed at Toyota, even BMW the returns were substanial for them but alas no unions.
Should be  noted that ford, ten years later, is in last place, as of now, in regards to the development of hybrid and battery powered vehicles.

Oh no!  They're in last place for hybrid and battery powered vehicles!    You mean the vehicles no one wants?

[XFACTOR]

Oh no!  They're in last place for hybrid and battery powered vehicles!    You mean the vehicles no one wants?

There’s profit in it. Which is why they are in business.

Tesla can’t produce fast ennough nor to demand.

[Hypertrophy]

Oh no!  They're in last place for hybrid and battery powered vehicles!    You mean the vehicles no one wants?

Hybrid cars are amazing. I have owned two. Currently drive an old Rav4 because I gave my daughter the Prius, lol.
The price of gas drives it all. When its at $4 the hybrid sales go off the charts.

[myt1]

You are not telling the full story or maybe just don't know what the story is. I can educate you as Ford was good client of mine for a while.

They were bailed out. In other ways.
They got a $5 billion billion loan from the Energy Department's Advanced Technology Vehicles Manufacturing program. For the money, it pledged to accelerate development of both hybrid and battery-powered vehicles, close dealerships, and sell Volvo. It upgraded factories in Illinois, Kentucky, Michigan, Missouri, and Ohio to produce hybrid vehicles.” We tried to help them optimize these plants but the union got involved quickly after implementation saying our software platform was policing the employees. When we deployed at Toyota, even BMW the returns were substanial for them but alas no unions.
Should be  noted that ford, ten years later, is in last place, as of now, in regards to the development of hybrid and battery powered vehicles.

I'm sorry X, but I read that and it seems like your just proved Old Timer's point.  Ford didn't take the actual bailout program money.  They did take money to be used for acceleration of developing hybrid/clean type vehicles.  They followed through on the development, and like all other car manufacturers have learned; most people are not interested, or don't feel they are to the point of being 100% on par with traditional vehicles to buy them.  Tesla is an outlier.  They don't have a gas only vehicle (that I'm aware of) to compare it to in a line of cars and trucks.  They also have nowhere near the manufacturing capacity of the major manufacturers, and are an "elitist" type of vehicle.  It's either "look at me saving the planet", or "I'm rich. I have one and you don't" types that covet them.

As for blasting Trump due to GM's mismanagement for the reason that these jobs are lost, there's this https://www.cnbc.com/2019/02/07/ford-investing-1-billion-into-chicago-factories.html

[Humble Narcissist]

Tesla can't make cars fast enough?  The government keeps them in business by funding them.  Elon Musk is a genius at scamming idiots for his projects.  He's never made a profit from customers in his life.