GM to close Oshawa plant, leaving 2800 people out of work

GM to close Oshawa plant, leaving 2800 people out of work

GM to close Oshawa plant, leaving 2800 people out of work

He said the two countries produced roughly the same number of GM vehicles five years ago, while more than four times as many vehicles will come out of Mexican plants as Canadian ones by 2023. GM claims it does not see a downturn but will Slash Nearly 15,000 Jobs anyway.

Trump said Monday that he was unhappy about the Lordstown plant stopping production, and that GM should use the factory for another vehicle.

The list of assembly plants that will be "unallocated" next year includes the Oshawa factory in Ontario, Detroit-Hamtramck in MI and Lordstown in Ohio.

The layoffs will affect workers at a propulsion plant just outside Baltimore.

GM Chairman and CEO Mary Barra said the company is aiming to cut executive positions by 25 percent, as part of its overall push to cut it workforce.

"The workers at Lordstown are the best at what they do, and it's clear once again that GM doesn't respect them". The totals are imprecise in part because there may be some double-counting with employees who are taking the October buyout offer. The company said it is aiming to save $6.5 billion in "cost efficiencies" through 2018.

GM sees an economic downturn or at least a auto downturn and did so back in April when it stopped reporting monthly vehicle sales.

Employees were called to report to the plant Monday morning, sources said.

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Additionally, the automaker said that it would shut down its propulsion-component plants in Maryland and MI, and idle two additional, unnamed assembly plants outside the US.

GM, the largest automaker in the USA and includes the Chevrolet, Buick, Cadillac and GMC brands, said the moves will save $6 billion in cash by the end of next year, including $4.5 billion in recurring annual cost reductions and a $1.5 billion reduction in capital spending.

"I have a family to feed, three kids that I have to support", said George Balsdon, who has worked at the plant for about seven years and said he was "shocked, stressed, didn't really sleep much last night".

Still, several Twitterians suggested that GM was not the only one to be blamed and noted that the government could do more to save the plant. The auto maker had about 180,000 employees world-wide at the end of 2017, including approximately 103,000 in the US, according to a regulatory filing.

One man said the union had told workers at the plant to go home and would be speaking with employees at an afternoon meeting. The group called GM's decision "callous" and said the auto maker is putting profits above using American labor.

Cost pressures on GM and other automakers and suppliers have increased as demand has waned for traditional sedans. While the company is entitled to make its own business decisions, I am confident that history will prove them wrong.

About 335 work at the Warren Transmission plant, which produces six-speed transmission for the GMC Acadia, Chevrolet Impala and Cadillac XTS and Electric Drive Unit for Chevrolet Volt, Chevrolet Malibu Hybrid, and Buick Velite.

OH politicians are also responding to the announcement.Arno Hill, the mayor of Lordstown, told NPR that he received a call from GM to inform him about five minutes before the news was released to the public.

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