Breaking News: General Motors will cut 15 percent of its salaried workforce and stop production in several North American plants to reduce costs. https://washex.am/2QiuMGB pic.twitter.com/SCyfTV0SY7
-
-
"With changing customer preferences in the U.S. and in response to market-related volume declines in cars, future products will be allocated to fewer plants next year," GM said.
Show this thread -
With the news, GM's stock rose 5.3 percent to $37.85 in New York trading. Story: https://washex.am/2QiuMGB pic.twitter.com/AY63UGzX6U
Show this thread -
UPDATE: A statement from Rep. Tim Ryan. His Ohio district is the site of one of the GM plant closures: "Thousands of families have sacrificed to build GM into what it is today. And in return, GM has turned its back on us when we need them the most." https://washex.am/2QiuMGB pic.twitter.com/4OV7Fseb3f
Show this thread
End of conversation
New conversation -
-
-
Somehow I suspect the near term effects of unemployment will far outweigh the false 'crisis' of climate change that precipitated this for those affected by the closures.
-
This Tweet is unavailable.
New conversation -
-
This Tweet is unavailable.
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.