GM cutting nearly 15,000 jobs; may close factories

Automotive giant General Motors has announced plans to restructure the company by cutting 14,700 factory and white-collar positions in their North American plants. They could close up to five plants in the United States and have already announced one Canadian plant will shutter operations, laying off 2,500 jobs there.

From The AP:

The reduction includes 8,100 white-collar workers, some of whom will take buyouts and others who will be laid off. Most of the affected factories build cars that won’t be sold in the U.S. after next year. They could close or they could get different vehicles to build. They will be part of contract talks with the United Auto Workers union next year.

Plants without products include assembly plants in Detroit; Lordstown, Ohio; and Oshawa, Ontario. Also affected are transmission factories in Warren, Michigan, as well as Baltimore.

About 6,000 factory workers could lose jobs in the U.S. and Canada, although some could transfer to truck plants.

GM has said the Trump administration’s tariffs imposed on imported steel have cost the company nearly $1 billion. Slow sales passenger car sales are also a factor as consumers switch to trucks and SUVs.

 

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