After getting $824M in state aid, GM to cut 900 jobs at Orion Assembly
After getting $824M in state aid, GM to cut 900 jobs at Orion Assembly
www.michigancapitolconfidential.com After getting $824M in state aid, GM to cut 900 jobs at Orion Assembly
GM CEO claimed investment would not have been possible, except for corporate welfare
![After getting $824M in state aid, GM to cut 900 jobs at Orion Assembly](https://lemmy.smeargle.fans/pictrs/image/78fd5ce2-bcfe-49ff-86d5-87dac4d5cd17.jpeg?format=webp&thumbnail=256)
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https://www.cnbc.com/2023/11/29/gm-buyback-dividend-guidance.html
This is the same GM that just bought back 10 Billion worth of its stock.
6 0 ReplyWell ... you can't keep up unpeofitable practices that were the reason for needing state help anyways. I guess they could keep a bloated workforce and keep asking for more state help. :/
2 0 ReplyIf I'm hearing you right, you're saying that they received almost a trillion dollars in state aid because they over-hired?
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