Ouch. And just before Christmas.
General Motors (GM) cutting almost 15,000 jobs in North Aerica
- Thread starter KingBlack
- Start date
GM to cut production at several plants, reduce salaried workforce by 15 percent
General Motors plans to dramatically cut production at a number of plants in the U.S. next year and reduce its salaried workforce by 15 percent in a massive restructuring that will cost up to $3.8 billion, the company said Monday.
The Detroit automaker said plants in Ohio, Michigan, Maryland, and Ontario, Canada will be "unallocated" in 2019 and it will cease operations at two additional plants outside of North America altogether by the end of next year.
The company also said it plans to reduce its executive staff by 25 percent.
General Motors plans to dramatically cut production at a number of plants in the U.S. next year and reduce its salaried workforce by 15 percent in a massive restructuring that will cost up to $3.8 billion, the company said Monday.
The Detroit automaker said plants in Ohio, Michigan, Maryland, and Ontario, Canada will be "unallocated" in 2019 and it will cease operations at two additional plants outside of North America altogether by the end of next year.
The company also said it plans to reduce its executive staff by 25 percent.
"GM is expected to announce it will cut the Chevrolet Volt, Impala and Cruze, the Cadillac CT6 and XTS, and the Buick LaCrosse, according to a source familiar with GM’s plans."
A lot of these plants produce cars, which at this point is a prosperity profit. If these plants aren't running at near full-capacity, GM loses money. It looks like GM is getting out of the cars game too.
A lot of these plants produce cars, which at this point is a prosperity profit. If these plants aren't running at near full-capacity, GM loses money. It looks like GM is getting out of the cars game too.
I feel bad for the employees. Looks like GM got too big. Again.
Last I saw on Buick they still have 3 other cars
Regal, cascada and avenir(?).
Or do they share the same body/frame as a chevy car that's being axed?
My knowledge on Buicks is close to 0.
I'm just curious, when gas prices go up (and they will) to a level that people aren't comfortable with, how this move will potentially come back to bite them
The CUVs have very similar gas mileage to the sedans and are often based on platforms shared with sedans. So no, it wont bite GM. GM can easily import vehicles overseas as well, like they do with one of their Buicks, which is made in China.
Factories need to get more flexible. The reality is, GM and Ford need to have some joint venture car factories similar to the Ford/Mazda Flatrock plant.
It's Trumps fault that a Co ran poorly cannot produce a profit in a record economy.
The industry I work in (trucking/transportation) is experiencing a literal record year and is absolutely on fire. There is simply no reason anyone in our space is not printing money. Those that aren't (very very few) are ran so poorly (Executive leadership) they cannot get out of their own way.
If the Camaro kept the old front end this could have been avoided.
Sent from my XT1254 using Tapatalk
Sent from my XT1254 using Tapatalk
I wish I would've placed a bet on this the day Ford announced they were getting out of the car business.
ALL MANUFACTURERS WILL FOLLOW.
Manufacturers are building SUVs and crossovers that get the same fuel mileage as cars, and they sit up higher and have more space. THAT'S WHAT PEOPLE WANT.
FCA will follow suit. I'd venture to guess the imports will keep their small car lines as they sell the bulk of them overseas anyways.
ALL MANUFACTURERS WILL FOLLOW.
Manufacturers are building SUVs and crossovers that get the same fuel mileage as cars, and they sit up higher and have more space. THAT'S WHAT PEOPLE WANT.
FCA will follow suit. I'd venture to guess the imports will keep their small car lines as they sell the bulk of them overseas anyways.
How quickly everyone forgets about GM. They should have been left to go bankrupt and restructure like most all companies have done in bankruptcy. But no GM was handed billions of American tax dollars to stay viable and grow into what is now a big job loss for many. Trump did not put GM into this position GM did. I do feel bad for the people who will lose their jobs but not for GM.
keeping the Malibu but axing the lacrosse?
Yup the 2019 camaro is the reason GM is doing this. I heard GM changed the spelling to Camero too. You know, a misspelling to match the atrocious front and back end of the 19 Camero.
Yes. Sales volume of the Malibu is ten fold what the Lacrosse is.
The money makers at Buick are SUV's. The visibility looking out of the Lacrosse was horrible. GM thinks looking out of a bunker slit is the cat's meow.
Users who are viewing this thread
