#samsung fridge under 20k | Explore Tumblr posts and blogs

GM set to start 4,000 white collar layoffs - CNN

Layoffs for about 4,000 salaried staff at General Motors are due to start Monday -- a previously announced move that comes just as President Donald Trump prepares to trumpet American manufacturing at next week's State of the Union address.

The layoffs are part of a 15% reduction in white collar jobs in North America that the automaker first announced back in November. At the same time, it announced plans to close four US plants as well as a fifth in Canada.

The job cuts and plant closings are part of ongoing cost reductions to free up $6 billion annually to invest in a new generation of autos, such as electric and self-driving vehicles. It is also making a push to develop a ride hailing service that will allow GM to make more money by selling rides to customers rather than vehicles.

But the move enraged Trump, who repeatedly lambasted GM CEO Mary Barra over the decision. In his rebuke of GM, Trump focused on the closures in Ohio, a state he won in the 2016 election. The company also announced plans to shutter facilities in Maryland and Michigan.

He said the company would face punishment for the closures, which included a plant in Lordstown, Ohio, that Trump personally promised to revive during the 2016 campaign.

The president said he was "very tough" on Barra in a phone call after the company announced the closures, and referred to the federal auto bailout money the company received in 2008.

"You know, the United States saved General Motors, and for her to take that company out of Ohio is not good," Trump said in November.

'We are the magic wand,' former GM worker of 40 years tells Trump

He commiserated about the closures in a series of phone calls with his Canadian counterpart Justin Trudeau. And he claimed GM would soon announce steps that could counteract the effect of the plant closures, though what those actions are remain unclear.

Trump is due to tout his economic successes on Tuesday during the annual State of the Union address to Congress. A senior administration official said Friday the speech's theme would be "Choosing greatness."

Overall, Trump is presiding over a strong American economy. Friday's job report beat expectations, showing more than 300,000 jobs were created last month. But trade tensions and global economic anxiety have led some companies to rethink their business plans and sparked concerns about the risk of a slowdown.

The GM plants, which include about 6,000 hourly jobs, have yet to close, GM is moving ahead with the salaried staff reductions, a GM spokesman confirmed Friday. The timing of the layoffs was first reported by the Detroit News.

The company had about 2,300 salaried staff accept voluntary buyout packages that were offered to 18,000 employees. In addition, there were 1,500 contract employees who were not retained by the company.

GM workers will have job options — but they may not be as good

That leaves the remainder of the 8,000 planned job cuts to be accomplished with the involuntary layoffs.

GM (GM) is due to report financial results Wednesday and it is expected to report lower earnings.

PAID CONTENT

What is Rheumatoid Arthritis? Look For Symptoms, Treatment & More

Yahoo! Search

These 2018 Luxury Cars Are The Cream Of The Crop

Yahoo! Search

If Your Cat Vomits (Do This Every Day)

Ultimate Pet Nutrition

These 2019 Trucks Are Simply Incredible! And Under 30K Too!

Truck Nation | Sponsored Links

One Thing All Liars Have in Common, Brace Yourself

TruthFinder

The Samsung S9 Is Crushing The Competition!

Yahoo! Search

U.S. Cardiologist: It's Like a Pressure Wash for Your Insides

thegutrehab.com

Unbelievably Cool Coca Cola Hacks That Will Blow Your Mind

Definition

2 Savings Accounts That Pay 20x What Your Bank Pay

MyFinance | Personal Finance for the 21st Century

Betting On One Single Stock For 2019 | Alex Green

The Oxford Club – Home | The Oxford Club

Céline Dion on criticism she's too thin: 'Leave me alone'

Entertainment

Céline Dion on criticism she's too thin: 'Leave me alone'

'AGT's' Jackie Evancho says as a child star 'there were men who wanted to hurt me'

Entertainment

'AGT's' Jackie Evancho says as a child star 'there were men who…

Fatima Ali, 'Top Chef' fan favorite, dies at 29

Entertainment

Fatima Ali, 'Top Chef' fan favorite, dies at 29

Electrolux plant in Memphis to shut down

Business

Electrolux plant in Memphis to shut down

A boy who was lost in the woods says a bear kept him company. No one can prove it didn't happen.

U.S.

A boy who was lost in the woods says a bear kept him company. No one can prove it didn't happen.

Volunteers face prison after leaving food and water in desert where migrants died

U.S.

Volunteers face prison after leaving food and water in desert where migrants died

Virgin reveals adults-only cruise ship

Travel

Virgin reveals adults-only cruise ship

University of Oklahoma says students involved in blackface video 'will not return to campus'

U.S.

University of Oklahoma says students involved in blackface video 'will not return to campus'

Walmart is changing its sick leave policy, and will pay bonuses for good attendance

Business

Walmart is changing its sick leave policy, and will pay bonuses for good attendance

This 14-year old found Apple's FaceTime bug before it went viral

Business

This 14-year old found Apple's FaceTime bug before it went viral

With This App, You'll Be Speaking Spanish in Just 3 Weeks

With This App, You'll Be…

Babbel

The Most Desirable Pickup Trucks of 2019

The Most Desirable Pickup…

Edmunds

Is it Time to Retire in 2019?

Fisher Investments

15 Discounts Seniors Get Only If They Know

15 Discounts Seniors Get Only If…

Improve Budget

8 Thrilling New Cars for Under $20k!

Faqeo

[Photos] Remember Heidi Klum's Daughter? Take A Deep Breath Before You See How She Looks Now

[Photos] Remember Heidi Klum's Daughter? Take A Deep Breath Before You See How She Looks…

Bob's Hideout

[Gallery] Walmart Photos That Never Should Have Been Captured

Science A2Z

Harley-Davidson's Livewire is the sporty electric streetbike we need

Roadshow

56 Vintage Photos That Took It Way Too Far

Groovy History

Hilarious Photos That Should Have Never Made It To The Yearbook

Livestly

PAID CONTENT

New Year, New You. Get a Super Bright Smile. FindSimilar.com

[Photos] Nobody On The Beach Was Prepared For This Science A2Z

[Gallery] Don't Ever Put These Foods In The Fridge TeddyFeed

Switch and you could save $668 on car insurance Progressive

MORE FROM CNN BUSINESS

Wayfair's massive Semi-Annual Bed and Bath Sale is on — here's our favorite home goods to shop nowCNN Underscored

Wayfair's massive Semi-Annual Bed and Bath Sale is on —…

This virtual writing assistant acts as your at-home copy-editorCNN Underscored

This virtual writing assistant acts as your at-home copy-editor

In the age of streaming, the Super Bowl proves that TV is still king

In the age of streaming, the Super Bowl proves that TV…

Jobs report; Trouble in China; Deutsche Bank doubts

CONTENT BY SMARTASSET

Find the right advisor to help you plan for retirement

See CFPs near you

Compare the Top 3 Financial Advisors in Your Neighborhood

Work with a remote financial advisor

This site finds the top 3 financial advisors near you

Search CNN...

U.S.

Crime + JusticeEnergy + EnvironmentExtreme WeatherSpace + Science

World

AfricaAmericasAsiaAustraliaChinaEuropeIndiaMiddle EastUK

Politics

45CongressSupreme Court2018 Election Results

Business

MarketsTechMediaSuccessPerspectivesVideo

Opinion

Political Op-EdsSocial Commentary

Health

FoodFitnessWellnessParentingLive Longer

Entertainment

StarsScreenBingeCultureMedia

Tech

InnovateGadgetMission: AheadUpstartsWork TransformedInnovative Cities

Style

ArtsDesignFashionArchitectureLuxuryAutosVideo

Travel

DestinationsFood & DrinkPlayStayVideos

Sports

Pro FootballCollege FootballBasketballBaseballSoccerOlympics

Video

Live TV Digital StudiosCNN FilmsHLNTV ScheduleTV Shows A-ZCNNVR

Shop

CNN Underscored-Explore-Wellness-Gadgets-LifestyleCNN Store

More…

PhotosLongformInvestigationsCNN profilesCNN LeadershipCNN NewslettersWork for CNN

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: Copyright 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc.2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC 2018 and/or its affiliates.

NewslettersContact UsTerms of UsePrivacy PolicyAccessibility & CCAdChoices

It's been nearly 200 years since white performers first painted their faces black in minstrel shows. It was racist and offensive then and still is today.

https://www.cnn.com/2019/02/01/business/gm-layoffs/index.html