In all, the Detroit automaker said it will create or keep 7,000 jobs in the next few years, including about 2,000 at factories. Another 5,000 new positions will be created at its auto financing arm and to develop advanced technology, electric and autonomous vehicles and information technology.
If this is the case, why a massive layoff now?
Their margin on a car built in Mexico is 3x one built in the US. All labor, regulatory (safety and permitting) and environmental savings.