Do your parents or family members own a general motors vehicle? GM owns many different vehicle companies and has been active in the economy since 1907. GM has grown a lot with their factories and employees. They went from a little company when they started to a big company that is one of the best in the world.
GM announced that they will be laying off 1,500 employees and closing five vehicle manufacturing factories. Due to people not buying as many cars as they use to. They also blamed trump for some of it because he taxed imported steel. GM is still paying 85% of workers salaries plus benefits. Within two years they could lose their pay if they do not go to a different factory. Hamtramck Michigan, warren, a transmission factory, wilmington Delaware, and a factory in ontario canada. GM said, “The customers aren’t buying enough of their cars like the Chevy cruze, the overhaul will save the company over $6 billion. GM blames Donald Trump for part of it because he is taxing imported steel. GM said that the cost of importing steel would cost them $1 billion dollars alone.
GM also announced that they will be stopping production on six vehicles. Those six vehicles consist of the buick LaCrosse, Cadillac CT6, Cadillac XTS, Chevy Cruze, Chevy impala, and the Chevy volt. Most of those cars are luxury sedans. When GM lays off their employees their car manufacturing rate will go down. Trucks manufactured will go from 55 to 24 trucks per hour and cars manufactured will go from 56 to 38 cars per hour.
GM says that the workers knew they were getting laid off. However, Dnitra Landon, an employee that works for GM, said “You tell the world before you tell us. The world doesn’t come in here every morning at 6 o’clock to work for you, so how come we don’t get to know before the world.” If you worked for a company for a long time and you were a good worker, then one day they say they’re laying you off and shutting down the factory your working at what would you do after that?
by Chris Markey