GM to slash jobs and close 8 plants

27 November, 2018, 07:20 | Author: Corey Lynch
  • GM to slash 14,700 jobs in North America

The United Automobile Workers (UAW) union vowed to "confront this decision by GM through every legal, contractual and collective bargaining avenue open to our membership". Things are much worse in the United States, where the automaker has announced plans to stop production at four plants from 2019.

The Oshawa Assembly Plant employs 2,522 workers with Unifor Local 222, according to GM's website.

The closure of the Oshawa Assembly Plant is part of a shift in the company's global production and has nothing to do with the new U.S. -Mexico-Canada trade agreement, a source familiar with the situation told The Canadian Press Sunday.

But the next automaking leader may not be GM or one of its traditional rivals.

Representative Tim Ryan, a Democrat from the district that includes the Lordstown plant, said the taxpayer bailout kept GM afloat during the recession.

President Trump told reporters, "We don't like it, I believe they'll be opening up something else". That includes $4 billion in cost cuts and $1.5 billion in reduced capital expenditures.

Kris Tripplaar/Sipa USA/NewscomSpeaking to a cheering crowd in Youngstown, Ohio, in July of past year, President Donald Trump promised more jobs would soon be flowing to the blue-collar city.

In that AP report, Lordstown was singled out as a "possible target" for GM, citing the need to reduce personnel and the uncertainty of whether enough employees took a proffered buyout from the company.

In an investor call, Barra said some GM cars would no longer be available in North America, including the Chevrolet Cruze.

More than 16 months ago, the UAW confirmed that it was discussing with GM the potential threat to plants and jobs from slumping US sedan sales.

"It's not just General Motors, it's all the parts suppliers, logistics companies, they're all involved in putting these vehicles together and if we're gone it's a lot bigger than just GM", said Jesse Forbes, who's worked for GM in Oshawa for 17 years.

The cuts will make GM "lean and agile" as the company aims to "lead in autonomous and lead in electric vehicles", Barra said.

The General Motors Hamtramck Assembly plant in MI and Lordstown Assembly plant in OH are being "unallocated" in 2019 as a part of a major company restructuring.

GM shares rose as much as 7.8 percent following the announcement, and were almost 6 percent higher at $37.97 in midafternoon trading.

GM's latest move includes the possible closure of seven plants worldwide, as the firm shifts its focuses from away from a stagnant sedan/saloon vehicle market. It will integrate its vehicle and engine engineering teams, and it will bring more employees together, trimming the number of campuses for auto developers.

Meanwhile, GM's plant in Oshawa, Ontario, will stop making the Impala, Cadillac XTS and 2018 full-size pickups in the fourth quarter of next year.

The Volt hybrid and the LaCrosse will go the way of the dinosaur, along with several other cars, GM officials announced. GM also plans to close an assembly plant and a transmission plant in OH, along with an assembly plant in Canada.

But moving that auto, the Chevrolet Cruze, south of the border brings the risk of provoking a backlash from President Donald Trump. "They better put something else in", Trump, who has pushed for more manufacturing jobs throughout his nearly two years in office, said.



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