gold, page-29924

Ford are cutting workers, and it seems that GM have axed 4,000 workers since November and cuts are ongoing....

https://www.wsj.com/articles/car-ma...to-president-trump-set-on-job-cuts-1494960177

Car Makers, Despite Promises to Donald Trump, Set on Job Cuts

GM, Ford plan to cut U.S. workforce amid slump in automobile sales, outpacing recent job commitments


Amid softening U.S. car sales and mounting investor skepticism about Detroit’s ability to weather the industry’s first downturn in nearly a decade, auto executives are facing a tough choice in whom to please: Wall Street or the White House.

http://www.bizjournals.com/nashvill...n-slowdown-means-job-cuts-at-gm-s-spring.html

Production slowdown means job cuts at GM’s Spring Hill plant

An estimated 250 to 300 temporary employees at General Motors’ Spring Hill plant are expected be furloughed or laid off as part of a looming production slowdown.

http://www.cnbc.com/2017/05/17/repo...ts-meet-with-indifference-on-wall-street.html

Investors shrugged off media reports that Ford Motor will announce plans to cut thousands of white-collar workers, highlighting the challenges facing chief executive Mark Fields.
Fields, whose nearly three years at the helm have been marked by a languishing share price, is expected to announce as early as this week Ford plans to cut about 10 percent of its salaried workforce in North America and Asia.

U.S. automakers are trimming costs as they brace for slowing auto sales.
General Motors has cut more than 4,000 U.S. jobs since November, and moved to conserve capital by shedding its European operations and closing unprofitable operations in Asia.