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Valued Social Butterfly
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1500 jobs cut in Ohio

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   These were the folks who bought the MAGA lie.  

 

    

General Motors is cutting as many as 1,500 jobs at its massive Lordstown, Ohio, assembly plant, taking a factory that was working around the clock as recently as 2016 down to a single shift a day.   

 

About that build it and they will come supply side economics LIE....

 

The problem is lack of demand for the Chevrolet Cruze, the small car that GM builds at the plant. Sales of the Cruze slid more than 30% between 2014 and 2017, as the market shifted strongly away from small cars to SUVs. Cruze sales have plunged another 26% in the first three months of this year.

 

GM has also started building a hatchback version of the Cruze at a plant in Mexico, while the Lordstown plant builds only a sedan version. The hatchback accounts for less than 20% of its US sales of the Cruze.

 

The company announced the latest job cut, which will eliminate half of the current jobs at the plant, on Friday.   (CNN)

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