What GM’s layoffs could mean for Alabama’s auto industry

The auto industry is still trying to process the effect of yesterday’s planned layoffs by GM. General Motors announced Monday it will close three assembly plants in Michigan, Ohio and Ontario, Canada by the end of 2019, saying these moves “will accelerate its transformation for the future.” The Associated Press reported the move will see 14,700 employees laid off, including 8,100 salaried, white-collar workers. That’s a 15 percent reduction in the company’s North American workforce. Overall, the cuts are expected to save the company about $6 billion a year. How should Alabama view these moves, considering the state is the third largest U.S. exporter of automobiles and currently employs about 56,000 in some branch of the auto industry? AL.com

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Author: Matthew Randle