General Motors Company(NYSE:GM) set to slash 1100 jobs as it shifts manufacturing to Tennessee
US giant General Motors Company (NYSE:GM) set to lay off 1,100 employees in May at its Lansing Delta Township assembly factory in Michigan as it shifts car production to Tennessee.
In 2016 the largest carmaker in U.S added 800 jobs at its Spring Hill, Tennessee plant to manufacture a new version of the GMC Acadia SUV.
General Motors Company(NYSE:GM) spokesman Tom Wickham said in a statement that the Lansing plant will keep on building the Buick Enclave and Chevrolet Traverse after it retools for a month,
General Motors Company(NYSE:GM) news arrived despite after it said in January it would invest another $1 billion in U.S. factories.
Since taking over new U.S President Donald Trump has pushed GM and other carmakers to build more cars in the country as part of his promise to boost up U.S. manufacturing jobs and discourage the industry from investing in Mexico.
In the mean time GM has said the $1 billion investment would allow it to produce or retain 1,500 U.S. jobs, but has not mentioned clearly what jobs are impacted.
The company has also revealed that it will start work on bringing axle production for its next generation of full-size pickup trucks, including work previously done in Mexico, to operations in Michigan, creating 450 U.S. jobs. Axle’s were previously built by American Axle & Manufacturing Holdings.
In November last year, General Motor said, it would slash about 2,000 jobs when it ended the third shift at its Lordstown, Ohio, and Lansing Grand River plants in January. In December, company announced plan to cancel the second shift and slash nearly 1,300 jobs from its Detroit-Hamtramck assembly plant in March.
In the recent time General Motors (GM) has been adding plenty of jobs. The company had 105,000 U.S. workers at the end of 2016, up from 97,000 at the end of 2015, according to a official numbers it announced in February.