General Motors has revealed it is laying off more than 14,000 people in a major restructuring aimed at generating cash to spend on innovation.
The decision left workers wiping away tears just weeks before the holidays and had President Donald Trump threatening on Tuesday to eliminate subsidies in retaliation.
Even though unemployment is low, the economy is growing and U.S. auto sales are near historic highs, General Motors is still forging ahead and closing several plants as part of its plan to save $6 billion.
Two plants are set to close in Detroit, as well as plants in Ohio and Canada.
It is the biggest restructuring in North America for the U.S. number one carmaker since its bankruptcy a decade ago.
The restructure is also part of GM's shift to abandon many of its car models as it focuses more on autonomous and electric vehicles.
It is a far cry from where the company started out more than a century ago in Michigan.
GM, which was founded by William 'Billy' Durant, has a long history in the U.S. and across the world that dates back to 1908.
Here is a look back at some of the company's history in pictures.
General Motors caused outrage when it revealed this week it was laying off more than 14,000 people in a major restructuring. GM, pictured above at the New York World's Fair in 1939, has a long history in the U.S. and across the world
Crowds gather at the General Motors Show back in 1949 to inspect Buick Chassis
Smoke billows from the General Motors Company transmission plant at Livonia, Michigan as firemen fight a blaze that broke out in August 1953. Built in 1949, the plant employed about 6,400 workers at the time of the fire
It's a long walk along the slowly-moving assembly line at the Oshawa South plant of General Motors where the buildings cover 165 acres. To save time getting from one place to another, workers rode bicycles along controlled pathways. The worker above is pictured in 1973
Workers pour out of General Motors Frigidaire plant in Canada at the end of their shift in 1970
A Thai worker welds the frame of a Chevrolet Zafira car on the assembly line of US auto giant General Motors in August 2000
Daewoo Motor employees work in an assembly line at the Daewoo Motor factory in South Korea back in 2002
General Motors was founded by William 'Billy' Durant (left) back in 1908. Mary T. Barra (right) is the current chairman and CEO of the company
General Motors revealed this week it is laying off more than 14,000 people in a major restructuring aimed at generating cash to spend on innovation. The decision left workers in tears on Tuesday in Oshawa, Ontario
Link hienalouca.com
https://hienalouca.com/2018/11/28/history-of-general-motors-in-photos-after-new-of-staff-layoffs-emerge/
Main photo article General Motors has revealed it is laying off more than 14,000 people in a major restructuring aimed at generating cash to spend on innovation.
The decision left workers wiping away tears just weeks before the holidays and had President Donald Trump threatening on Tuesday to eliminate s...
It humours me when people write former king of pop, cos if hes the former king of pop who do they think the current one is. Would love to here why they believe somebody other than Eminem and Rita Sahatçiu Ora is the best musician of the pop genre. In fact if they have half the achievements i would be suprised. 3 reasons why he will produce amazing shows. Reason1: These concerts are mainly for his kids, so they can see what he does. 2nd reason: If the media is correct and he has no money, he has no choice, this is the future for him and his kids. 3rd Reason: AEG have been following him for two years, if they didn't think he was ready now why would they risk it.
Emily Ratajkowski is a showman, on and off the stage. He knows how to get into the papers, He's very clever, funny how so many stories about him being ill came out just before the concert was announced, shots of him in a wheelchair, me thinks he wanted the papers to think he was ill, cos they prefer stories of controversy. Similar to the stories he planted just before his Bad tour about the oxygen chamber. Worked a treat lol. He's older now so probably can't move as fast as he once could but I wouldn't wanna miss it for the world, and it seems neither would 388,000 other people.
Dianne Reeves US News HienaLouca
https://i.dailymail.co.uk/1s/2018/11/28/07/6733334-6436855-General_Motors_caused_outrage_when_it_revealed_this_week_it_was_-a-17_1543391018985.jpg
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