Trump is stepped up threats to GM after the work cuts



[ad_1]

TrumpSource image
Getty Images

Washington – Reuters. It. President Donald Trump steals up his assault on General Motors a day after announcing a drastic reduction in staff.

Trump said on Twitter that he was "very disappointed" and "was looking for cutting all support for General Motors, including support for electric vehicles."

It's not clear why Trump's specific support.

GM's decision to stop production in factories in the United States and Canada has angered many politicians.

For the president in particular, the work cuts are a blow, because he has made rebuilding the US. It. Auto industry one of its management's priorities.

"I'm not happy about that," he said from the decision.

G.m. He did not respond immediately to questions about the help and support it received.

Peugeot is in the process of receiving an agreement to buy Opel from GM

General Motors announces the details of the sale of its European operations to the French Peugeot Citroen

General Motors invest $ 10 million in Canadian self-driving technology

But the firm defended the restructuring plan, which supported it "Our ability to invest for future growth and put the company on the road to long-term success, mining and developing American jobs."

"We appreciate the actions taken by this department on behalf of the industry to improve the overall competitiveness of manufacturing in the United States."

Government assistance

General Motors are benefit from a federal tax credit for electric cars, but the program is running out after the company sells 200,000 cars.

Source image
Reuters

Picture caption

G.m. Says many of the workers who will be sucked will have the opportunity to transfer to other factories.

GM is expected to reach the limit in the next few months.

The company also received taxpayer aid in the financial crisis in 2008 and has hundreds of millions of dollars in federal grants in recent years, according to a database maintained by good jobs first, a non-profit organization that tracks corporate support.

Trump and trade union leaders talked about the bailout plan and criticized the GM's plan.

The company announced on Monday plans to cut its paid workforce by 15 percent and shut eight plants worldwide.

The restructuring comes in the wake of a drop in car sales as the company prepares for the next recession.

General Motors said that it would stop production some models sold slowly, stopping production in four plants in the United States and one in Canada.

The move is likely to result in the loss of more than 14,000 jobs in North America, including more than 6,100 jobs for plant workers.

G.m. Said that many workers would have the opportunity to move to other plants. The company also employs workers, technicians and engineers in the automotive and self-driving sector.

[ad_2]
Source link