General Motors to slash 14,700 jobs in North America

General Motors To Close Ohio Plant, Thousands Affected

GM slashing 15% of its salaried workers in North America

President Donald Trump says his administration and lawmakers are exerting "a lot of pressure" on General Motors in response to its decision to cut up to 14,000 workers in North America and possibly shutter up to five plants. "We're sick and exhausted of General Motors shipping all our jobs to Mexico", he said at a press conference in Oshawa, Ontario.

Trump went on threaten to cut all GM subsidies - including those for electric vehicles.

Trump said he wasn't impressed with GM officials' explanation that the company is closing the OH plant because of poor sales of the model it manufactures.

"I pressed GM again to provide new opportunities to the Lordstown workers and take advantage of the skilled workforce there".

Trump told reporters Monday afternoon he was "not happy" about the news, adding that that the USA "has done a lot" for GM, and that the auto giant "had better put something else" in OH, one of the states where layoffs have been announced.

The largest US automaker said on Monday it would cut thousands from its North American workforce, slash production and eliminate some slow-selling vehicle models.

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In addition, GM will close two United States propulsion plants - which produce batteries and transmissions - in Baltimore, Maryland and Warren, Michigan, as well two unidentified plants outside of North America. They could close or they could get different vehicles to build.

Additionally, the automaker said that it would shut down its propulsion-component plants in Maryland and MI, and idle two additional, unnamed assembly plants outside the US.

Work on six-speed transmissions made at the Warren, Michigan, transmission plant would stop August 1, while the Baltimore transmission plant would stop production April 1, GM said.

"Obviously, there's a lot of disappointment, even anger", Kudlow told reporters during a White House briefing Tuesday afternoon.

GM on Monday announced it would cut six gas-powered auto models as part of a plan to close factories and cut costs so it can spend more on electric and autonomous vehicle development. The brand will discontinue the Chevrolet Cruze, Impala, Volt, Cadillac CT6, Buick LaCrosse and will instead focus on their SUVs and trucks.

She said: 'This industry is changing very rapidly, when you look at propulsion, autonomous driving and ride sharing. GM will discontinue the Cruze in the USA market by 2019.

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"I implore President Trump to keep his word when he came to the Mahoning Valley previous year and promised jobs were 'all coming back". The statement continued, "Many of the USA workers impacted by these actions will have the opportunity to shift to other GM plants where we will need more employees to support growth in trucks, crossovers and SUVs". It was about 50 percent cars just five years ago. "Don't move. Don't sell your house.' So far, President Trump has been asleep at the switch and owes this community an explanation", said Northeast Ohio Rep. Tim Ryan, who represents Lordstown.

In October, a spokesman for the company said GM remained committed to both the Cruze and continued sales of passenger cars overall.

"The company reaped a massive tax break from last year's GOP tax bill and failed to invest that money in American jobs", Brown said on Twitter.

By the end of 2020, GM is projecting a freed-up cashflow of $US6 billion ($A8.31 billion), along with $U4.5 billion ($A6.24 billion) in cost reductions and a $US1.5 billion ($A2.08 billion) lower capital expenditure.

"It's very understandable, given all the hype associated with the trade agreement, and, you might say, the troubled relationship between your prime minister and our president, that it's some sort of reaction to the tariffs on steel and aluminum", said MI business professor Marick Masters.

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