GM CEO, Under Fire, Navigates Fallout Of Planned Job Cuts, Plant Closures

  • 📰 WSJ
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 63%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

General Motors CEO Mary Barra faces bipartisan anger in Washington as she defends the company's plans to cut jobs and close manufacturing plants amid robust profits

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

She can always say that Facebook made her do it, or something just as juvenile

🤔

I made a joke a few years ago how she is like the Seinfeld lady always in bad light. Now she has made it her life's mission with her piss poor American Values predicated by 'Short-Seller Enrichment Commission'

Hello...whynis GM building New Chevy Blazer SUV in Mexico and not in USA?

GM has been careening toward bankruptcy for years. The bailout just postponed it. It’s old, inefficient, and makes products people don’t want. It needs to shrink drastically.

GM needs to continue with the plan if they want to survive - ignore Trump he’s toxic.

GM is not a nonprofit corporation!

Sell the closed plants to Elon Musk and let him make electric cars and trucks.

whats her plan when she has to pay Mexicans 15 $ minimum wage like in the usmca deal states? what then genius

Where’s the liberal protestors when you need them.

Corporations are going to corporation. Or something like that. She's doing her job.

Oh, is this another Big Corp that trump helped out with his tax scam? Look at them now! Dumping people just in time for Christmas.

Lock her up

Grossly overpaid CEO who has under delivered to a high degree.

She has failed replace.

What did they think would happen? Factory jobs have been declining since been pimpin while factory output has an inverse correlation. This will only get worse as companies take the fat tax break The GOP gifted them and automate the rest of the jobs to oblivion.

Doesn't make business sense. When business is good and the economy is booming, you don't close plants and cut jobs. So much for the future is female if this is their mentality.

Trump and GOP need to blame themselves for their stupid corporate tax cut!!!

Oh dear pro-market conservatives: shouldn’t GM CEO and every publicly traded company do what’s best for their shareholders? Isn’t their fiduciary obligation? Don’t ask private sector to fix realDonaldTrump POTUS stupid tariffs trade war, backfiring big time. GOP DNC 🤡🤡

Of course! The American People bailed GM out of big mess. Take your factories elsewhere, but pay back your (should be) creditors first.

Good thing we bailed them out!

I'm probably wrong but my perception is the factory floors are dominated by people that identify and voted for Trump so I'm sympathetic to their tale of woe but it's likely you accelerated your own demise If GM didnt get the taxscam, they wouldn't have financed these closings

And here exhibit A of why giving Tax cuts to corporations doesn’t work and it never will

C'mon people! YOU used our money to keep them making products nobody wants. Wtf did you think was going to happen?

In corporations It's generally a bad idea to put women in positions of power/control of funds. Not sexist, just putting some fax on the table.

GM is a private business...... Getting sick of all the 'bipartisan' socialism.

She has to do what’s best for the company or doesn’t that apply here?

That’s on her.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Watch: Ivanka Trump, Walmart CEO McMillon and IBM CEO Rometty speak at Business Roundtable summitLockHerUp CrookedIvanka Why is she there?
Source: CNBC - 🏆 12. / 72 Read more »

Trump says GM 'is not going to be treated well' after layoffs'General Motors is not going to be treated well': President Trump said GM CEO Mary Barra made a 'big mistake' by laying off thousands of workers and pledged to retaliate against the company You were screwed by my trade war? Well I'll show you, you'll be sorry! Some leadership skills there. Whatever Mr. Tariffs The best way to make them pay is to force them to make good cars
Source: CNN - 🏆 4. / 95 Read more »

Without showing plans, Trump warns GM 'not going to be treated well''General Motors is not going to be treated well.' President Trump attacked GM and its CEO Mary Barra in a Fox interview Thursday, saying 'she’s making a big mistake' in not diverging from plans to close five plants and eliminate as many as 15,000 jobs. She's doing what she has to for GM & the shareholders...... Thats Capitalism She will be around a lot longer than Trump.. Is he threatening GM?
Source: NBCNews - 🏆 10. / 86 Read more »

CEO of California utility PG&E resigns as firm faces liability over wildfiresCalifornia's largest utility company said on Sunday its chief executive had resigned as the firm faces billions of dollars in potential liabilities tied to the state's deadly and destructive wildfires last year. Geisha Williams announced her resignation from PG&E amid growing concerns over the
Source: YahooNews - 🏆 380. / 59 Read more »