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GM Announces Layoffs in Michigan

Image: GM Announces Layoffs in Michigan

The General Motors world headquarters building is shown Sept. 17, 2015, in Detroit, Michigan. (Bill Pugliano/Getty Images)

By    |   Thursday, 01 Jun 2017 05:25 PM

General Motors announced Thursday that it will cut one of two shifts at a Warren, Michigan, plant that makes transmissions by the end of the month.

The automaker wouldn’t say how many jobs would be cut, but CNN Money said it could be about 300 positions, or about half of the plant’s total. The cuts come as new car sales have slumped, meaning fewer parts are needed to meet demand.

GM has eliminated a shift at a U.S. plant five times since November for a total of about 5,000 jobs lost in Michigan and Ohio, CNN Money reported. GM has said that it would be ramping up production again next year, meaning that 700 of the laid-off workers could get their jobs back.

U.S. auto sales dipped 1.3 percent in May, CNBC reported. The slump came after seven years of increasing sales.

GM has a 97-day supply of cars waiting to be sold. A 60-day supply is considered optimal, UPI reported.

Twitter users lamented the losses, pointing to President Donald Trump’s promise to bring jobs back to America.

The latest jobs report showed 211,000 jobs created in April when only 185,000 were expected, CNBC reported. Year over year, the number of long-term unemployed has decreased by over 400,000 since 2016.

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General Motors announced Thursday that it will cut one of two shifts at a Warren, Michigan, plant that makes transmissions by the end of the month.
gm, layoffs, michigan, general motors
312
2017-25-01
Thursday, 01 Jun 2017 05:25 PM
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