President Trump holds a press conference on the White House lawn before departing for the Mississippi rallies. He is not happy with G.M.’s decision to lay off 14,000 employees in North America and put five plants up for possible closure.
The planned employee reduction includes 8K white-collar employees (15% of GM’s N. America workforce). G.M. also announced plant closures in Gunsan, So. Korea. The factories that may be closed include: Detroit and Oshawa, Ontario; Warren Michigan and Baltimore.
G.M. received record tax breaks as a result of the GOP’s tax bill last year. They eliminated jobs instead of using the tax windfall to invest in American workers.