New York Times |
GM to Idle Plants and Cut Thousands of Jobs as Sales Slow
New York Times General Motors announced Monday that it planned to idle five factories in North America and cut roughly 14,000 jobs in a bid to trim costs. It was a jarring reflection of the auto industry's adjustment to changing consumer tastes and sluggish sales ... GM layoffs are another victory for capital over labor Trump's economic moves fail to prevent GM closures GM cuts jobs in response to present costs, future innovation |
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