First of all, US President, Donald Trump was outraged, and he is now on a collision course to General Motors. The Plan of the car manufacturer to want to thousands of jobs in the U.S., is a bitter setback for Trump.
The US President countered the announced savings rate of General Motors (GM) with the threat to eliminate state funding for the car group. Donald Trump wrote in the short message service Twitter, he was very disappointed by the announcement of the company’s boss, Mary Barra, who works in the US to include Maryland, Michigan and Ohio, but not in China and Mexico.
As a reaction, to see if all of the GM-subsidies can be reduced, including for electric cars, so Trump. In addition, he recalled that GM had been preserved after the financial crisis of the year 2008 by the former government under President Barack Obama through a massive bailout program. “(…) and this is the thanks we get!”, Trump wrote.
For the President of the GM-saving course means a bitter setback. Trump had promised in the election campaign, to get industry jobs, and bring back. “I’m here to protect American workers”, he emphasized in his Tweet. The reduction plans of the Auto-icon now show that the future branches of important economic, such as the car industry, despite low unemployment and the massive tax cuts, a booming US economy is uncertain.
Trumps customs dispute charged to U.S. car manufacturers
In addition, Trump hits may be partly to blame for job cuts at GM. Because the U.S. auto industry makes the from the US President initiated a customs dispute with the trade to create partners such as the EU or China. In particular, the increased import barriers for steel and aluminum are a significant burden. “The duties on metals will have taken us about a billion dollars in profits,” said Ford boss Jim Hackett is already the end of September.
Pickups and SUVs will produce General Motors in the United States
This – for Trumps government unpleasant – part of the reduction of the motif gives GM to the public yet only indirectly with the reference to “increased material costs”. Officially, the group justifies the radical restructuring and savings plans with the “changing market conditions”. Focus wants to focus on GM in the future on the production of in the United States the most popular off-road sedans (SUVs) and small trucks with open loading space (pick-up).
GM: restructuring secures jobs in the USA
In addition to electric cars self-driving should be part of the end vehicles of the future priorities of the group. The production of conventional cars of small and medium size want to go back to GM due to the lower demand in the US market, however. Through the restructuring of 15 percent of the 180,000 in the group should be eliminated. GM made no precise information as to how many Jobs are to be deleted. However, an estimated 12,000 to 13,000 jobs are affected in the United States. By the Plan, the group wants to save six billion dollars a year.
General Motors wants to delete 15 percent of the world’s 180,000 jobs
On the criticism of the US President, GM responded with the protestation that the company intends to continue to be in the United States, with a strong presence. The restructuring would aim to secure the long-term success of the group and the protection, such as Expansion of Jobs in the United States. Many of the closure plans of affected workers should be given the opportunity to work in other GM plants, said the GM-line.
Reduction in numbers in spite of good business
In addition to Trump, the influential US auto Union UAW is already running storm against the austerity plan at GM. “The callous decision by GM to reduce the operation in U.S. plants or to shut down, while in Mexico and China for the U.S. market is produced, is highly harmful for America’s workforce”, said UAW Vice Terry Dittes.
Not only for GM employees, the announced austerity program comes as a surprise. Because it ran in the US-industry leader about: In the summer quarter, sales increased in the year-on-year by 6.4 percent, which was the net profit of the surprisingly strong 2.5 billion dollars. The industry leader is still applied, so the brake is regarded as a bad Omen for the U.S. economy as a whole.
ww/nob (afp, dpa, rtr)