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General Motors announced Monday a severe weight loss, with thousands of job cuts, to be more competitive in an industry in full revolution, but the first American car manufacturer caused the ire of Donald Trump.
In total, GM will eliminate 15% of the group's jobs in 2019, by ceasing production at seven sites: one in Oshawa, Canada, four in the United States and two outside North America.
180,000 employees worldwide in December 2017
By December 2017, the last count available, GM employed 180,000 people worldwide, but the group gave no indication of the exact number of jobs deleted.
"The steps we are taking today allow us to continue our transformation to be more agile, resilient and profitable," said CEO Mary Barra, quoted in a statement.
"We recognize that we need to anticipate market changes and consumer tastes so that our company is well positioned for long-term success," she added.
Investors appreciated the news: GM shares were up close to 4.8% at closing. Donald Trump, on the other hand, told Ms Barra that he was "dissatisfied".
This country has done a lot for General Motors. They have an interest in returning to Ohio and they can really put pressure on them.
Donald Trump, US President
"I was very tough with her," said the US president, who made the preservation of industrial jobs his hobbyhorse and triggered trade hostilities with major US trading partners to preserve them. "This country has done a lot for General Motors (to save the company from bankruptcy during the financial crisis, Ed)," said Trump, brandishing a veiled threat: "They have an interest in returning to Ohio and quickly, we can really put pressure on them. "
GM denies offshoring
The powerful union UAW also plays on the "America first" register dear to the president, accusing GM of manufacturing in Mexico and China to reimport cars in the United States.
GM denied and the builder also indirectly responded to Donald Trump, pointing out that he remained mbadively present in Ohio.
Particularly affected executives
This shock treatment should allow General Motors to make $ 6 billion in savings by the end of 2020. Among the staff removed, General Motors is particularly attacking management, which should be reduced by a quarter to lighten the decision process.
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