Friday, June 23, 2017

JOBS! JOBS! JOBS! (NOT SO MUCH)

President Trump’s promises to revive the struggling American manufacturing industry faces new headwinds as the automotive sector, the largest driver of manufacturing jobs, announces thousands of new layoffs.

The layoffs come as the auto industry faces declining growth after a post-recession rebound.

In less than a year, Ford has said it will cut as many as 1,400 jobs. General Motors has cut production at four U.S. assembly lines, costing 4,400 workers their jobs. Fiat Chrysler laid off another 1,300 workers at their assembly line in Detroit.

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