Trump says 'not happy' about GM job cuts

Trump says 'not happy' about GM job cuts

Two other plants outside North America - as yet unnamed - are also due to close, in addition to the pre-announced shuttering of the firm's plant in the South Korean city of Gunsan.

The move is the biggest change to GM since its bankruptcy ten years ago, but the carmaker faces protests from unions and Washington. Its shares rallied 7.6 percent to $38.66. It will also stop building models assembled at those plants, including the Chevrolet Cruze, the Cadillac CT6 and the Buick LaCrosse.

"This industry is changing very rapidly", Barra said during a press briefing.

The closures will be accompanied by a broader restructuring, reducing GM's overall salaried and contract workforce by 15 percent. In a statement made about the restructuring, GM specifically names crossovers, SUVs, and trucks as being a higher priority, growth wise, and their closure of a handful of facilities will allow for more focus on those models.

In an interview with The Wall Street Journal on Monday, Trump said he told General Motors: "You're playing around with the wrong person".

US Senator Rob Portman, a Republican from OH, said he's "deeply frustrated" with GM's decision to shut down a plant in Lordstown and is pressing Barra to come up with an alternative product for the factory.

GM said it will close three North American auto assembly plants next year: the Oshawa plant in Ontario, Canada; Hamtramck in Detroit, Michigan and Lordstown in Warren, Ohio.

The company has said the additional tariffs have cost GM more than $1 billion.

Barra is reducing staff from operations that make conventional cars and hiring people who can design electric cars or add software prowess to GM Cruise, the automaker's autonomous vehicle unit in San Francisco.

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GM told the remaining workers at its sprawling plant in Lordstown on Monday that it is going to shut down all US production of the Chevy Cruze in March 2019. Also affected are transmission factories in Warren, Michigan, as well as Baltimore.

Kris Tripplaar/Sipa USA/NewscomSpeaking to a cheering crowd in Youngstown, Ohio, in July of past year, President Donald Trump promised more jobs would soon be flowing to the blue-collar city.

In total, GM's North American salaried workforce will shrink by 15 percent (8,000 jobs). Ford announced in April it would just about end all production of sedans in North America. Now, GM says the Cruze will no longer be sold in the US and production will end March 1.

Fiat Chrysler Automobiles got out of small and midsize cars two years ago, while Ford announced plans to shed all cars but the Mustang sports vehicle in the United States in the coming years.

He said the decision to halt sales of the Chevrolet Cruze had "nothing to do with tariffs" but was because of poor sales.

GM did not immediately comment on Trump's remarks, but the company noted it has other facilities in OH including a transmission plant in Toledo and metal center in Parma. GM has several plants running well below that.

Let's start in the U.S. If GM wants to close those OH and MI plants, it can't just lock the doors tomorrow and throw the keys away.

"I once again urged GM to make a commitment to bring a new product to the plant, especially since GM is proposing to build a number of new electric vehicles", Mr. Portman said.

Rivals Ford and Fiat Chrysler have both curtailed USA auto production.

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