Trump says US will institute tariffs on steel and aluminum imports next week

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NorthDallas40 said:
lol red herring.

I wonder how many of these white collar salaried employees have even held an air wrench on a factory floor...🤔
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Why does that matter? What red herring are you referring to exactly? This issue and this thread are proof that events and facts and expertise don't matter at all; people are just going to believe what they want to believe.

The thing that every economist told you would happen, happened to Ford.

Y'all said, "how come it's not happening to anybody else?"

Apparently, GM warned us months ago that they will likely face layoffs, and now they're trying to buy out employees to avoid that. So now that we can see the tariffs are hurting another manufacturer, the response is "red herring" and "panic in the streets".

Have y'all ever been convinced to change your mind on anything that you felt strongly about?
 
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n_huffhines said:
Why does that matter? What red herring are you referring to exactly? This issue and this thread are proof that events and facts and expertise don't matter at all; people are just going to believe what they want to believe.

The thing that every economist told you would happen, happened to Ford.

Y'all said, "how come it's not happening to anybody else?"

Apparently, GM warned us months ago that they will likely face layoffs, and now they're trying to buy out employees to avoid that. So now that we can see the tariffs are hurting another manufacturer, the response is "red herring" and "panic in the streets".

Have y'all ever been convinced to change your mind on anything that you felt strongly about?
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Oh come on Huff! Production cutbacks affect hourly line workers not white collared salaried office jobs. This article is as misleading and dumb as the whole Harley Davidson thread. 😂
 
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#2,331
n_huffhines said:
Why does that matter? What red herring are you referring to exactly? This issue and this thread are proof that events and facts and expertise don't matter at all; people are just going to believe what they want to believe.

The thing that every economist told you would happen, happened to Ford.

Y'all said, "how come it's not happening to anybody else?"

Apparently, GM warned us months ago that they will likely face layoffs, and now they're trying to buy out employees to avoid that. So now that we can see the tariffs are hurting another manufacturer, the response is "red herring" and "panic in the streets".

Have y'all ever been convinced to change your mind on anything that you felt strongly about?
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Do you know much about these kinds of buyouts? ... no BS.... many times they're offering buyouts to get future expenditures off of their books
 
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Carl Pickens said:
Do you know much about these kinds of buyouts? ... no BS.... many times they're offering buyouts to get future expenditures off of their books
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My guess is their pension obligations make the books look bad and they’re trying to shore up the balance sheet. GM made bank this quarter. They’re fine.
 
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NorthDallas40 said:
Oh come on Huff! Production cutbacks affect hourly line workers not white collared salaried office jobs. This article is as misleading and dumb as the whole Harley Davidson thread. 😂
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Since when has the issue been about specific types of manufacturing jobs?
 
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n_huffhines said:
Since when has the issue been about specific types of manufacturing jobs?
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Hey you dropped the article. Show us in the article where tariffs led to this offering. Also please take note of the paragraph that they will see if layoffs will be needed after they see the response to the offer. Please be sure and correlate your answer with GM’s quarterly profit statement. 😂

They are fixing their balance sheet by offsetting retirement obligations. If this were tied to manufacturing operations you would see actions against manufacturing employees. UNION manufacturing employees. And that would be by seniority with least out first.

THAT is why THIS issue is tied to specific types of manufacturing jobs.
 
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NorthDallas40 said:
Hey you dropped the article. Show us in the article where tariffs led to this offering. Also please take note of the paragraph that they will see if layoffs will be needed after they see the response to the offer. Please be sure and correlate your answer with GM’s quarterly profit statement. 😂

They are fixing their balance sheet by offsetting retirement obligations. If this were tied to manufacturing operations you would see actions against manufacturing employees. UNION manufacturing employees. And that would be by seniority with least out first.

THAT is why THIS issue is tied to specific types of manufacturing jobs.
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They're trying to save money in one area because they are incurring artificial cost increases in another area of the business. I already covered this when I said "GM warned us months ago that they will likely face layoffs, and now they're trying to buy out employees to avoid that."

What do you think I'm saying?

Why do you care more about union jobs?
 
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n_huffhines said:
They're trying to save money in one area because they are incurring artificial cost increases in another area of the business. I already covered this when I said "GM warned us months ago that they will likely face layoffs, and now they're trying to buy out employees to avoid that."

What do you think I'm saying?
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I clearly think you’re implying this action is directly tied to tariffs without supplying factual evidence that it does. Nothing in that article stated that. Instead their implications are more directly tied to my inference. They’re cleaning up their balance sheet by clearing off long term obligations. That’s all this is.

It’s possible the buyouts are a way for GM to prepare itself for potential future business-damaging orders from Trump. In a statement, GM said that the company and economy are strong, and it’s making the move to get “ahead of the curve.”
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When things are going really well for them , companies bloat ( normally with white collar jobs ) they just can’t help themselves always too many chiefs not enough Indians . If you ever had a manufacturing job you’ll understand that phrase. Companies will “ trim the fat and get lean “ when they need to without hindering production . Most have built in safeguards . Caterpillar is a great example of this .
 
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NorthDallas40 said:
I clearly think you’re implying this action is directly tied to tariffs without supplying factual evidence that it does. Nothing in that article stated that. Instead their implications are more directly tied to my inference. They’re cleaning up their balance sheet by clearing off long term obligations. That’s all this is.
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Factual evidence, like GM declaring that the tariffs were going to hurt them?
 
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1972 Grad said:
The Market doesn't seem to be worried about their upcoming profitability.
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Because they know what's in the USMCA. The market is not indicating that they are losing/gaining jobs. It's indicating that they think profits will be big, which is independent of their employment prospects. You max profit by minimizing cost and maximizing revenue, not by employing a bunch of people..
 
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