GM slashing 15% of N. American jobs, discontinuing several vehicle models


"Actions are being taken to reduce salaried and salaried contract staff by 15 percent, which includes 25 percent fewer executives to streamline decision making", CEO Mary Barra said.

"I had an opportunity to speak to the Prime Minister this morning. What do we have to do?'" said Ford, referring to a Sunday night call with GM Canada's President Travis Hester. The company had around $145 billion in sales last year and costs of production of $118.7 billion, down significantly from $130.5 billion four years prior.

Barra said tariffs on imported aluminum and steel have hit the company, but she stopped short of saying they had anything to do with the restructuring.

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.

Smith also noted Ontario PCs have "taken aim at the federal carbon tax", while outlining what the government has done to create an environment for businesses to stay in the province. "And he said, 'The ship has already left the dock'".

Liberal Leader John Fraser asked where Ford has been, how many meetings he has held with GM since becoming premier.

The huge ― and modern ― plant has 2,500 unionized employees and 300 non-union workers. I care deeply about working families hearing this news right now. In October, nearly 65 percent of new vehicles sold in the US were trucks or SUVs.

GM said it would end production next year at three North American assembly plants and two smaller transmission factories, which combined employ more than 6,700 workers. The U.S. plants are in places that have been economically devastated by job losses and pressure on wages for decades, which helped lead to the 2016 election of Donald Trump as U.S. president. The Cruze is being axed in America with production continuing in Mexico, but GM Korea has been underperforming. As many as 10,000 jobs are tied to companies that supply parts for the plant, said Flavio Volpe, head of the Automotive Parts Manufacturers Association.

Closing the aforementioned plants is not all, though.

In the 1980s, the facility employed as many as 40,000 people assembling and engineering cars for the United States and Canada.

FBN's Ashley Webster on General Motors' decision to cut 15 percent of its workforce and halt production of several slow-selling models.

"I'm concerned, I haven't heard from General Motors yet and I'm waiting to hear what the story or announcement is tomorrow", Henry tells 680 NEWS.

First, for those who work in the auto industry, I want you to know that today's news has nothing to do with the quality of the work you do. They'll be a lot of questions.

GM's operations are a significant part of economic growth and jobs in the city, long considered to be Canada's motor city.

Jennifer French, MPP for Oshawa, says she finds the report of the plant closure "gravely concerning".

"GM workers have been part of the heart and soul of Oshawa for generations - and we'll do everything we can to help the families affected by this news get back on their feet".

It is disappointing that GM failed to see and build upon this competitive advantage.

GM began making automobiles in Oshawa in 1908.

Dr. Colin Carrie, the Member of Parliament for Oshawa, called the reports "very concerning". The Detroit-Hamtramck facility is GM's last in the city, and the Lordstown plant in OH was one of its biggest.