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This is going to hurt Ohio and Michigan BIG TIME. Trump won Michigan by just 10,000 votes. Not a whole lot of wiggle room there for him.
GM has been harping about the damage tariffs will do to the auto industry.
Could have been just a little campaign to help deflect the blame knowing that GM was in trouble....but you know it just isn't going to sit well with some....especially those swing votes who thought Trump was going to get them all jobs or better jobs.
Auto sales hit record levels in 2016 and are slowing as automakers say they face challenges from both the slowing sales and tariffs on steel and aluminum as part of President Donald Trump's trade war.
General Motors will lay off 14,700 factory and white-collar workers in North America and put five plants up for possible closure as it restructures to cut costs and focus more on autonomous and electric vehicles.
The reduction includes 8,100 white-collar workers, some of whom will take buyouts and others who will be laid off. Most of the affected factories build cars that won’t be sold in the U.S. after next year. They could close or they could get different vehicles to build. They will be part of contract talks with the United Auto Workers union next year.
Plants without products include assembly plants in Detroit; Lordstown, Ohio; and Oshawa, Ontario. Also affected are transmission factories in Warren, Michigan, as well as Baltimore.
These layoffs have not happened yet, and there are still almost 2 years to go before the next election.
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