Friday, November 2, 2018

Steve’s Barking; Trouble at GM?

GM blew out it’s earning report for this quarter. Projections from the top of GM is that they will have another banner quarter next quarter. In the same statement from GM headquarters they are requesting early retirement from one third it’s U S work force. Are they planning to make there parts that are made out of steel and aluminum in Mexico and Canada because of the tarrifs? I was taught that if a company believed good times are coming the company would hire in anticipation and not let workers go. So what’s the story General Motors. Shifting production out of the US .Do they see bad times coming? Perhaps it’s cheaper to hire newer workers? What ever it is, it sure looks bad for American workers, in the name of cost efficiencies.

No comments:

Post a Comment