and with all that money GM received from Obama
they are saying F U to a bunch of US and Canadian workers by moving their plants.
I've said it before and I will say it again.
I really loved my Sky
But GM is such a piece of **** company. They will never get any of my money again
There's another thread on here (the lifting vehicle thread I think) where we diverted into a lengthy discussion on this topic, and I wont repeat it it all.
GM has not owned Wilmington since the bankruptcy and has nothing to do with this demolition.
GM is not moving any plants or production. All the plant closing and layoffs now looks to amount to about 1500 Union workers. Less than Lowes layed off with its recent announcement of store closings.
The Auto industry is changing, The US has to many plants to support the number of vehicles sold each year. There will be more plant closings. EV's will continue to grow as a % of the industry, their propulsion and transmission's are much simpler, which will also reduce the number of workers and plants.
Should a company continue to pay works to just stand around, when it has nothing for them to produce, should as GM did leading up to the Bankruptcy Just keep making cars to keep people employed and hope they can sell enough to overcome the fixed costs?
Seems to me the smart move is to close plants you don't need when you don't need them and continue to make a profit.
GM paid back all the money lent it (Can't hold GM responsible for the Feds cashing in there stock at a loss).
People can continue to buy cars made by Foreign OEM's and complain about the US companies closing, but I am pretty sure, that will only lead to more closings, but I could be wrong on that.
So this round of layoffs about 1500 Hourly (was originally around 3K but many took jobs at other plants), many many more salaried forget the number with the executive staff getting the highest % reduction. The % I do recall 3% Hourly reduction, 15% Salaried, 25% Executive. Of course I think I heard that GM has about 1500 open positions at other plants (but the 1500 being laid off did not want to relocate)- the net impact to the US economy would still be a wash from the Union workforce.
Anyhow just thought I would share some facts you don't see much of in the media.