Analyst: Outsourcing American Jobs Responsible for GM Layoffs, Not Tariffs
The multinational corporate business model of outsourcing and offshoring Americans’ jobs overseas to cheap labor foreign countries is responsible for General Motors’ (GM) recently announced mass layoffs of American workers, a trade analyst says.
Coalition for a Prosperous America Research Director Jeff Ferry details in new analysis that the recent announcement by GM to lay off 14,700 workers in North America — including 3,300 American factory workers — is the end result of the corporation’s outsourcing business model.-- More....
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