Home > Boards > US Listed > Automotive and Transportation > General Motors Corp (GM)

Trump fails America. GM Cuts pays to $11

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
tw0122 Member Profile
 
Followed By 38
Posts 3,824
Boards Moderated 0
Alias Born 08/14/11
160x600 placeholder
UAW Talks Open With Labor Costs Rising, Slowdown Looming Dow Jones News - 7/16/2019 9:38:00 AM
China Auto Rut Poses Global Risks -- WSJ Dow Jones News - 7/11/2019 3:02:00 AM
Notification Filed by National Security Exchange to Report the Removal From Listing and Registration of Matured, Redeemed or ... Edgar (US Regulatory) - 7/10/2019 9:29:44 AM
Auto Stocks Gain Appeal Despite Industry Hurdles -- WSJ Dow Jones News - 7/9/2019 3:02:00 AM
Are Auto Makers the New Value Stocks? Dow Jones News - 7/8/2019 2:00:00 PM
Auto Makers Slipped in First Half -- WSJ Dow Jones News - 7/3/2019 3:02:00 AM
Auto Sales Slipped in First Half as Prices Climbed -- 2nd Update Dow Jones News - 7/2/2019 6:00:00 PM
Auto Sales Slipped in First Half as Prices Surged--Update Dow Jones News - 7/2/2019 3:45:00 PM
U.S. Auto Sales Slip in First Half of 2019 as Prices Surge Dow Jones News - 7/2/2019 12:44:00 PM
Chevrolet Silverado 1500 and GMC Sierra 1500 Crew Cab Pickups Each Gain 12 Percent in the Second Quarter; Crossovers Set a Se... PR Newswire (US) - 7/2/2019 12:11:00 PM
General Motors Deliveries in U.S. Fall in 2Q Dow Jones News - 7/2/2019 11:44:00 AM
GM Announces 2019 Q2 Earnings Conference Call Details PR Newswire (US) - 6/27/2019 3:00:00 PM
GM Sets New Goal to Reduce Carbon Emissions Dow Jones News - 6/27/2019 1:02:00 PM
Alpine Electronics of America, Inc. Recognized by General Motors as a 2018 Supplier of the Year Winner PR Newswire (US) - 6/26/2019 9:00:00 AM
GM Issues Reminder Regarding Warrant Expiration PR Newswire (US) - 6/19/2019 9:00:00 AM
GM Terminated the Hummer. Will it Be Back? Dow Jones News - 6/18/2019 10:14:00 AM
Initial Statement of Beneficial Ownership (3) Edgar (US Regulatory) - 6/14/2019 2:59:46 PM
GM to Increase Investment in Heavy-Duty Trucks -Reuters Dow Jones News - 6/12/2019 1:20:00 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 6/7/2019 3:07:42 PM
GM Announces Preliminary Voting Results at Annual Meeting of Shareholders PR Newswire (US) - 6/4/2019 2:00:00 PM
Michelin, GM in Research Agreement for Airless Wheels Dow Jones News - 6/4/2019 1:37:00 PM
Michelin, GM Take The Air Out Of Tires For Passenger Vehicles PR Newswire (US) - 6/4/2019 12:32:00 PM
U.S. Auto Makers Sweat Under Threat of Tariffs on Mexican Imports -- Update Dow Jones News - 5/31/2019 1:23:00 PM
Specialized Disclosure Report (sd) Edgar (US Regulatory) - 5/31/2019 10:38:22 AM
U.S. Auto Makers Sweat Under Threat of Tariffs on Mexican Imports Dow Jones News - 5/31/2019 9:37:00 AM
tw0122   Wednesday, 03/06/19 11:56:03 PM
Re: None
Post # of 716 
Trump fails America. GM Cuts pays to $11 an hour for workers. LORDSTOWN, Ohio — Scott Mezzapeso had to do something last month he never imagined: call his ex-wife and warn her that he might not be able to pay child support on time. Mezzapeso has a tattoo of his daughter on his left arm and rarely misses her high school softball games, but money has become extremely tight. General Motors is shuttering its plant here, and Mezzapeso is one of roughly 5,400 casualties.
Mezzapeso earned $22 an hour with good benefits at Magna, a GM supplier that made seats for the Chevy Cruze, but he was laid off last summer as the auto giant scaled back Cruze production and suppliers did the same. Now he makes $11 an hour working part time at Bruno Bros. Pizza, the only job he has found after months of sending out his résumé.
With GM set to shut down production here Wednesday, Lordstown shows how the nation’s booming jobs market is still leaving vast segments of America behind. Last year was the best for manufacturing jobs in more than two decades, but the Youngstown, Ohio, region where Lordstown is located has continued to lose manufacturing jobs in recent years. About a quarter of the country’s metro areas have faced the same fate, many in the Rust Belt, according to data provided by the Federal Reserve Bank of New York.
The common prescription for laid-off workers from economists and business leaders — retrain and switch careers or move to another part of the country with more jobs — is proving inadequate for workers such as Mezzapeso.
“To be 100 percent honest, I thought I would be laid off for a few months and then go back to work,” Mezzapeso said. “At 47, I’m too old to go back to school.”
Most jobs Mezzapeso sees pay half of what he used to earn. His 1999 Chevy Tahoe gets lousy gas mileage, making it difficult to take a low-paying job a long drive away.
Friends urge him to go to school and try welding or advanced manufacturing. He and other GM casualties here qualify for the federal government’s marquee retraining program — Trade Adjustment Assistance — that covers all costs for up to two years of classes plus a weekly stipend, meaning they get paid to attend school.
But only about 30 percent have enrolled in TAA, according to Ohio’s Department of Job and Family Services.
Many workers echo Mezzapeso’s sentiments that they are too old to go back to school or that they tried but found the classes overwhelming.
When Mike Bajnok lost his $30-an-hour GM job last summer, he followed the state of Ohio’s advice and used TAA to enroll in a program to become a “CNC machinist,” a worker who can set up and operate specialized heavy machinery

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist