General Motors Co. announced Monday that it will be undergoing a massive restructuring to give it “flexibility to invest in the future,” which will result in the cutting of 15% of its workforce — including 14,800 jobs in the U.S. and Canada and 25% of its executives — and the shuttering of five U.S. plants in Detroit and Warren, Michigan, Warren, Ohio, and White Marsh, Maryland.
— CBS News (@CBSNews) November 26, 2018
Along with the five U.S. plants, the company said it would be closing three others, including in Ontario and South Korea. “The transition will come at the expense of about 8,000 salaried workers, and 6,000 hourly workers will either lose their jobs or be reassigned to other plants,” CNN Business notes. “The company last month offered voluntary buyouts for 18,000 salaried workers.”
The White House revealed Monday that President Trump had spoken personally with Barra about the seismic restructuring plan. The president told the The Wall Street Journal that he warned Barra in the call, “You’re playing around with the wrong person.”
“They better damn well open a new plant there very quickly,” Trump told the Journal. – READ MORE