Published: Ср, Января 18, 2017
Business | By Patricia Jimenez

GM adding jobs following Trump attack

GM adding jobs following Trump attack

For many of his favorite targets, creating jobs isn't.

The company announced last June it would build the Chevrolet Cruze model in Mexico and sell them in the US for the first time due to high demand.

General Motors is set to announce a massive billion-dollar boost to investment in the USA that will create more than 1,000 new jobs.

Instead, Barra said the $1 billion, which follows $2.9 billion in new investments announced last year, is part of company's increased focus on overall efficiency over the last four years.

The United Auto Workers union said GM's new investments "have emerged as a result of the 2015" contract with the union. About 25,000 jobs have been created over the last four years in the USA while the automaker has cut 15,000 jobs outside the country and moved many of them here as part of its overall global strategy. Furthermore, the said move was revealed to be not a response to Trump's criticisms but the company's way of showing their devotion to contributing to U.S.'s labor sector.

Trump also specifically thanked GM in another tweet.

These are real jobs that are being preserved or created, and that is a good thing.

The president-elect, though, quickly took credit for GM's newly-announced plans in two Twitter posts.

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Here is a sampling. Fiat Chrysler said on January 8 that it would invest $1 billion in the United States to make the Jeep Wagoneer, and other Jeep products in the US. Last week, Mr. Trump, who will be inaugurated Friday, said he believed GM would fall in line behind Ford Motor Co. and Fiat Chrysler Automobiles, which have announced fresh US investments in recent weeks. Barra also says they will be insourcing more than 6,000 Information Technology jobs that had been outside the U.S. They are also streamlining engineering operations from seven locations to three, with the main engineering center being in Warren, Michigan.

Automakers have responded to Trump's threat by affirming their commitment to the USA market.

Earlier Tuesday, Wal-Mart said it would add 10,000 this year.

General Motors will make a $1 billion investment in its factories that will create or keep around 1,500 jobs.

The investment will be on top of the $2.9 billion that the automaker already announced in 2016. But the company has still managed to keep its overall US employment flat to trending upward following the financial crisis.

Automotive manufacturers set a new Alabama record by rolling out more than a million vehicles past year, according to figures from the state. "There's no question there is an emphasis on job creation in the US right now". United Technologies Corp. CEO Greg Hayes acknowledged as much after "saving" 800 positions at the company's Carrier unit. Earlier reports suggest 1,000 new jobs will be created, but the figure has not been explicitly confirmed in the official announcement. BMW defended its plans by saying it has not relocated any jobs to Mexico.

This column does not necessarily reflect the opinion of Bloomberg LP and its owners.

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