GM announces layoffs at Warren, MI transmisison plant

[Puffnstuff]

http://money.cnn.com/2017/05/31/news/companies/gm-layoffs/index.html
This time they are eliminating an entire shift of around 300 employees. The article states that they are hopeful to be rehired next year when GM ramps up production again but that remains to be seen. With electrification becoming a priority of traditional auto makers I seriously doubt that these people will get their jobs back.

 

[JSt0rm]

but trump

 

[boomerang]

GM is nearing their annual two week shutdown on top of model changeovers that are typical this time of year at assembly plants. The article is short on information which seems to be typical these days and there is no explanation for what "electrification" refers to in the post by the OP or the article for that matter.

http://www.lansingstatejournal.com/...plant-enclave-layoffs-start-friday/101200244/

 

[Puffnstuff]

there is no explanation for what "electrification" refers to

Hmm I thought that electrification was common knowledge by now but I do apologize for not clarifying the term for you. Electrification is the powering of motor vehicles by an electric motor(s). Ford just fired their CEO Mark Fields because he was moving too slowly on product electrification and autonomy for the Board of Directors. With the new battery technology that has become available this is finally a lasting solution. The new Tesla battery pack retains 95% of its capacity up to 200k miles which is fantastic news. I only wish that I could afford a Model X P100DL.
http://money.cnn.com/2017/05/22/news/companies/ford-ceo-fields-hackett/

 

[JSt0rm]

Hmm I thought that electrification was common knowledge by now but I do apologize for not clarifying the term for you. Electrification is the powering of motor vehicles by an electric motor(s). Ford just fired their CEO Mark Fields because he was moving too slowly on product electrification and autonomy for the Board of Directors. With the new battery technology that has become available this is finally a lasting solution. The new Tesla battery pack retains 95% of its capacity up to 200k miles which is fantastic news. I only wish that I could afford a Model X P100DL.
http://money.cnn.com/2017/05/22/news/companies/ford-ceo-fields-hackett/

this does not line up with the conservative mentality of oil and coal first fuck the earth.

 

[sandorski]

this does not line up with the conservative mentality of oil and coal first fuck the earth.

Just make portable Coal Power Plants to put into Electric Drive Pickups. Then they can really Roll Coal!

 

[Puffnstuff]

this does not line up with the conservative mentality of oil and coal first fuck the earth.

It's a shame isn't it that the so called conservatives are anything but conservative. If they could only be bothered to read the book they misquote while beating sinners over the head they might learn a thing or two.

 

[theeedude]

Red state, don't care.

 

[brycejones]

These jobs will be back as soon as they kill job killing regulations like those that limit productivity in the name of "safety" and bust the UAW through "right to work" legislation. Anyone will be able to have a job in Trumpistan for $7.25 an hour with your ability to choose from many paitent centric health care plans priced at only $25000 for a family of 3. The good news is the government will kick $75 towards the costs of those plans so they will be super affordable for anyone making at least $150K a year who will be able to deduct the cost from their taxes.

 

[vi edit]

GM is nearing their annual two week shutdown on top of model changeovers that are typical this time of year at assembly plants. The article is short on information which seems to be typical these days and there is no explanation for what "electrification" refers to in the post by the OP or the article for that matter.

http://www.lansingstatejournal.com/...plant-enclave-layoffs-start-friday/101200244/

Small and midsize car sales are down 10-15% from 2016. Dealers can't move inventory and lots are crammed full. They have to cut back production.

 

[ch33zw1z]

Don't care, MI went red, suck it up.

 

[Jimzz]

Small and midsize car sales are down 10-15% from 2016. Dealers can't move inventory and lots are crammed full. They have to cut back production.

Gas prices are still low so that is to be expected. People are dumb and have short memories. So more trucks and suv's!!!

 

[Puffnstuff]

Red state, don't care.

Don't care, MI went red, suck it up.

More Trump supporters going jobless.

 

[JSt0rm]

More Trump supporters going jobless.

Trump voting intensifies. Tripling every second.

 

[UglyCasanova]

It's a shame isn't it that the so called conservatives are anything but conservative. If they could only be bothered to read the book they misquote while beating sinners over the head they might learn a thing or two.

Agreed. I don't get the thought process of God created the Earth so we can pollute the hell out of it.

 

[UglyCasanova]

Red state, don't care.

What's sad is I'm not sure this is sarcasm.

 

[theeedude]

Trump voting intensifies. Tripling every second.

What are they going to do? Vote to give me a tax cut?
This is nice thing about being a coastal liberal elite. You get to vote your conscience, and have others vote your wallet.

 

[Pulsar]

http://money.cnn.com/2017/05/31/news/companies/gm-layoffs/index.html
This time they are eliminating an entire shift of around 300 employees. The article states that they are hopeful to be rehired next year when GM ramps up production again but that remains to be seen. With electrification becoming a priority of traditional auto makers I seriously doubt that these people will get their jobs back.

SMH. The auto market has been at record levels for the last year or more. The auto-makers have responded by increasing employment to increase output. Now, unsurprisingly, demand is softening. Smart business people are cutting heads to lower output to meet the current demand.

This is neither interesting, nor a story. Those 'laid off' folks get sub-pay from a very healthy union and end up making almost 100% of what they would make if they were working. The SMART ones will be working under the table making 150% of what they were when they were actually working at GM. In the mean time because of union language in the contract they will be able to return to multiple plants should any openings come about.

This has nothing to do with Trump, nothing to do with electrification, and little or nothing to do with the overall economy. Christ. Can you be any more stupid?

 

[Pulsar]

Hmm I thought that electrification was common knowledge by now but I do apologize for not clarifying the term for you. Electrification is the powering of motor vehicles by an electric motor(s). Ford just fired their CEO Mark Fields because he was moving too slowly on product electrification and autonomy for the Board of Directors. With the new battery technology that has become available this is finally a lasting solution. The new Tesla battery pack retains 95% of its capacity up to 200k miles which is fantastic news. I only wish that I could afford a Model X P100DL.
http://money.cnn.com/2017/05/22/news/companies/ford-ceo-fields-hackett/

This is also incorrect. Ford fired Fields for a couple of reasons. First being that they HAD to fire someone high-profile because of what's going on with the stock price. It had nothing to do with electrification, and everything to do with placating the board of directors who asked the Fords if they "even care about the stock price".

Seriously. You clearly have no clue about the auto industry. Stop while you're ahead, or at least ask people who DO know so they can explain it to you.

 

[Vic]

SMH. The auto market has been at record levels for the last year or more. The auto-makers have responded by increasing employment to increase output. Now, unsurprisingly, demand is softening. Smart business people are cutting heads to lower output to meet the current demand.

This is neither interesting, nor a story. Those 'laid off' folks get sub-pay from a very healthy union and end up making almost 100% of what they would make if they were working. The SMART ones will be working under the table making 150% of what they were when they were actually working at GM. In the mean time because of union language in the contract they will be able to return to multiple plants should any openings come about.

This has nothing to do with Trump, nothing to do with electrification, and little or nothing to do with the overall economy. Christ. Can you be any more stupid?

Trump made this about Trump when he guaranteed consistent 5% GDP growth (which he later changed to 4% and now 3%). But now we see the auto industry slowing. Mortgage applications are down 30%. Retail is crumbling. But yeah, nothing to see here. And if the economy does turn down, it'll be Obama's fault, right?

 

[UberNeuman]

Thanks, Trump.

 

[Roflmouth]

More Trump supporters going jobless.

There's that concern for working Americans that won Hillary the election

 

[theeedude]

There's that concern for working Americans that won Hillary the election

They don't want our concern, they got this all figured out with their folk wisdom. There is more of this to come through no fault of their own, but less safety net due to their own votes.

 

[Pulsar]

Trump made this about Trump when he guaranteed consistent 5% GDP growth (which he later changed to 4% and now 3%). But now we see the auto industry slowing. Mortgage applications are down 30%. Retail is crumbling. But yeah, nothing to see here. And if the economy does turn down, it'll be Obama's fault, right?

Here we go again. I said nothing about Trump, and nothing about Obama. Of course the auto-industry was slowing. It was on record pace. Of course Mortgage applications are down - we were in another bubble and real estate people already knew that. Of course brick and motor retail is crumbling - and at the same time Amazon's valuation of their stock price is now at $1000, and is worth more than just about every automaker combined.

Why do you continually try to make stuff trump? Neither the original post, nor mine had any political overtones at all. You really just struggle to stay on target don't you?

I'm addressing major factual errors in the original post. If we're going to go full retard at the start, why bother even having a conversation?

 

[Vic]

Here we go again. I said nothing about Trump, and nothing about Obama. Of course the auto-industry was slowing. It was on record pace. Of course Mortgage applications are down - we were in another bubble and real estate people already knew that. Of course brick and motor retail is crumbling - and at the same time Amazon's valuation of their stock price is now at $1000, and is worth more than just about every automaker combined.

Why do you continually try to make stuff trump? Neither the original post, nor mine had any political overtones at all. You really just struggle to stay on target don't you?

I'm addressing major factual errors in the original post. If we're going to go full retard at the start, why bother even having a conversation?

You said it had nothing to do with Trump, I explained why that was a factual error.
The OP is a bit sensationalist, but otherwise factually correct. GM is sitting on more than 3 months inventory right now. Their usual 2 week retooling is going to be 10 weeks this year, and shifts are being cut.
Now.. sometime last October, I watched a political debate where Trump "guaranteed" 5% GDP growth. The emphasis on "guaranteed" are Trump's own words. He was remarkably confident about it. I knew at the time that it was total horseshit, particularly because of the age of the current business cycle, and even said as much in the debate thread (feel free to search for it).
But pardon me holding the President accountable to his own words.