And you think American women can run corporations – sure into the ground. She sure broke this glass ceiling and took everything down with her.
It is time to stop spending taxpayer money on these companies until the company buys an insurance policy to guarantee payback to the taxpayer and the people’s pension – if the company folds as this one did.
How many times do taxpayers have to lose money before the government wises up to the companies’ plan to fail to begin with and leave the taxpayers holding the bag:
Can you trust a woman Democrat? Hell, NO!
This is what happens when you have a WOMAN DEMOCRAT CEO who hates the President so much she will forfeit a company to hurt the President and the people whose money she took for a bailout. The people want their bail-out money back:
Mary T. Barra
Chairman and Chief Executive Officer, General Motors Company
‘A kick in the stomach’: massive GM layoffs leave workers distraught – and angry.
© AP A mural in Lordstown, Ohio. The GM plant here employs 1,600 workers.
There’s a sign outside the General Motors assembly plant in Lordstown, Ohio, that reads: “GM, We Invested in You. Now It’s Your Turn to Invest in US.”
Ever since the US’s largest car company’s immense assembly plant opened here 52 years ago, it has dominated this blue-collar town. Now GM workers here are furious that the automaker plans to idle – and perhaps permanently close – the plant.
Related: ‘No jobs on the horizon’: workers respond to General Motors’ decision to close plant
GM stunned its workforce on 26 November, the Monday after Thanksgiving, by announcing it would cut roughly 14,000 jobs and idle five factories in North America, including the Lordstown plant, which employs 1,600 workers. One factor stoking the workers’ ire is that GM’s move came after American taxpayers rescued it from bankruptcy with a $49.5bn federal bailout in 2009.
While some have blamed Trump policies for the closure, or at least for his inability to stop them, it’s the company that workers hold most responsible.
“Their announcement was really a kick in the stomach,” said Danny Adams, who has worked at the plant since 1996. “It’s not woe is me. It’s woe is us.”
Like many GM workers here, Adams, 53, is worried and bitter, not knowing where he might find a new job and wondering whether he’s too old to train for a new career. Adams could perhaps transfer to another GM plant, but he fears that such a move would be hugely trying for his 15-year-old son.
“This is devastating. This is our livelihood,” said Stephanie Allein, 40, who began working for GM in 2000 and was transferred to Lordstown in 2010.
A group of people posing for the camera: Reactions at a union meeting in Oshawa, Ontario, one of the regions also affected by the layoffs. Reactions at a union meeting in Oshawa, Ontario, one of the regions also affected by the layoffs.
“This isn’t my first rodeo,” Allein said. “This is my third GM plant. I’d like to be able to plant my roots somewhere. I feel like a gypsy.” Allein, who helps assemble dashboards, transferred to Lordstown when her GM plant in Shreveport, Louisiana, closed. Before Shreveport, she worked at a GM-owned Delphi auto parts plant in Lockport, New York, which laid her off in 2006.
“When I came here,” Allein said, “there was this feeling this plant has been around forever, that this plant wasn’t going anywhere. You felt a security coming here. People bought houses.” The Lordstown facility occupies over 900 acres and has produced more than 16m vehicles, including Pontiac Firebirds and Chevy Cavaliers and Vegas. Last year, it generated $250m in wages, money that was the engine of Lordstown’s economy.
GM’s decision left people fuming, but not without hope, because it didn’t say the plant was closing. Rather, it said the plant was “unallocated”. That day, GM announced it was ending production of the Chevy Cruze in the US – that’s the car the Lordstown plant makes (although GM will continue to produce the Cruze in Mexico along with several crossover vehicles). GM was responding to a slowdown in sales of smaller cars, like the Cruze, and to Trump’s easing fuel economy standards, a move making it easier for automakers to focus on producing larger cars and trucks.
GM said it was idling Lordstown and four other plants – in Detroit; Baltimore; Warren, Michigan; and Oshawa, Ontario – to cut costs and free up money to invest in electric and autonomous cars. The Lordstown workers hope GM will opt to assemble another car, perhaps an electric car, here. “We should be building the next-generation car here,” Allein said. “We should be building the crossovers here, not in Mexico.”
Trump threatens to cut GM subsidies in retaliation for U.S. job cuts.
Again, it is time to stop spending taxpayer money on these companies until the company buys an insurance policy to guarantee payback to the taxpayer and the people’s pension – if the company folds as this one did.
These open borders Democrats send our jobs to Mexico and then bring in the illegals to steal our welfare. All part of their plan in the end – for the people to go to the Democrat altar and beg these socialists for a loaf of bread.
Did you vote for these socialists in the midterms? If so, this is what you get and more is coming.