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WASHINGTON (Reuters) – General Motors Co (GM.N) Chief Executive Mary Barra plans to visit Capitol Hill next week to discuss its plans to halt production at five plants in North America next year and cut up to 15,000 jobs, two congressional aides said on Friday. GM has come under harsh criticism from lawmakers from both major political parties, and from President Donald Trump, since Monday when the No. 1 U.S. automaker announced the biggest restructuring since its bankruptcy a decade ago. Barra is expected to meet with lawmakers from Michigan and Ohio, where GM plans to shutter three plants, as well as senior leaders in Congress burgundy cufflinks uk online. GM did not immediately comment..
Representative Debbie Dingell, a Michigan Democrat, told CNN earlier this week that GM had done what others could not — uniting both parties in their anger. She added that GM “has to be the most thoroughly disliked company in Washington DC right now.” She also criticized GM’s handling of the layoffs. GM said this week that many workers at plants that are ending production will be able to transfer to open jobs at other plants burgundy cufflinks uk online. Barra has been calling lawmakers this week to explain the decision to end production. Trump has threatened to revoke subsidies for GM for electric vehicles..
Barra also will speak at a forum next week at Harvard University in Massachusetts for new incoming members of Congress. GM plans to halt production next year at three assembly plants: the Lordstown small-car factory near Youngstown, Ohio; the Detroit-Hamtramck complex in Detroit; and the Oshawa, Ontario, assembly complex near Toronto. It will also stop building several models now assembled at those plants, including the Chevrolet Cruze, the Chevrolet Volt hybrid, the Cadillac CT6 and the Buick LaCrosse burgundy cufflinks uk online.
Additionally, GM plans to shutter the Warren transmission plant outside Detroit and a plant that makes electric motors and drivetrains outside Baltimore, Maryland. GM could opt to add additional new products to those plants at a later date after it holds contract talks next summer with the United Auto Workers union burgundy cufflinks uk online. Cost pressures on GM and other automakers and suppliers have increased as demand has waned for traditional sedans. The company has said tariffs on imported steel, imposed earlier this year by the Trump administration, have cost it $1 billion..
(Reuters) – U.S. President Donald Trump has rattled the world trade order by imposing unilateral tariffs to combat what he calls unfair trade practices by China, the European Union and other major trading partners of the United States. The actions led to tit-for-tat retaliation, including a growing tariff war with China that threatens to engulf all trade between the world’s two largest economies burgundy cufflinks uk online. The following is a rundown of major U.S. tariff actions and retaliatory measures in 2018. – 25 percent tariffs on imported steel and 10 percent tariffs on imported aluminum, imposed on March 23 on national security grounds. Exemptions have been granted to Argentina, Australia, Brazil and South Korea in exchange for quotas, and negotiations over quotas continue with Canada, Mexico and the European Union..