Premier Promises To Support Workers After GM Plant Closure

Premier Promises To Support Workers After GM Plant Closure

Premier Promises To Support Workers After GM Plant Closure

"This callous decision by GM to reduce or cease operations in American plants, while opening or increasing production in Mexico and China plants for sales to American consumers, is, in its implementation, profoundly damaging to our American workforce", new UAW GM Vice President Terry Dittes said.

GM said it will double the resources it allocates to electric and autonomous vehicles in the next two years, integrate vehicle and propulsion engineering teams and "compress" global product development campuses.

We are also asking the federal government to work with their USA counterparts to remove all tariffs so that impacted auto parts suppliers can remain competitive after the Oshawa Assembly Plant closes its doors. The stock is still down about 7 percent this year.

Hernandez declined to elaborate on the GM closures other than to say there would be no major changes in Arlington.

A White House official said that Trump spoke with Barra on Sunday, before the closures were publicly announced.

The company also said it would stop operating two additional factories outside North America by the end of next year, in addition to a previously announced plant closure in Gunsan, South Korea.

In February, the Oshawa Assembly plant starts making Light Duty GMC Sierra and Chevrolet Silverados in addition to Cadillac XTS and Chevrolet Impala.

Last month, GM offered a voluntary severance program to 18,000 longtime salaried employees in North America.

The restructuring reflects changing North American auto markets as manufacturers continue to shift away from cars toward SUVs and trucks.

GM isn't the first to abandon much of its auto market.

GM also plans to close an assembly plant and a transmission plant in OH, along with an assembly plant in Canada.

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If you are heading up toward the New Hampshire border, be aware there could be up to three - or perhaps four - inches of snow. Otherwise Wednesday will be partly sunny, with highs in the lower 40s and a slight chance of snow showers in the afternoon.

The company, she said, has invested in newer architectures for trucks and SUVs so it can cut capital spending while still raising investment in autonomous and electric vehicles.

President Donald Trump said Monday he was pressuring General Motors over its decision to close four plants in the United States because of sagging demand for sedans.

While General Motors has dramatically reduced production and assembly in Canada, it announced a plan in June 2016 to hire about 700 engineers to expand research into self-driving cars and other technology.

The current GM contract with the Oshawa plant did not have any vehicles being assembled past December 2019.

GM in recent years has worked to slice costs, with a goal of $6.5 billion in cuts this year alone.

The union, he said, "does not accept the closure of the plant as a foregone conclusion" and "will vigorously fight again to maintain these good-paying auto jobs".

"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", Prime Minister Justin Trudeau said in a tweet.

Calling it a sad day for Durham, Premier Doug Ford said he will do "everything possible" to support the GM workers.

GM says assembly plants in Detroit, Warren, Ohio and Oshawa, Ontario, Canada will be shuttered in 2019, along with propulsion plants near Baltimore, Maryland and Warren, Michigan.

Unlike Japanese automakers Nissan Motor Co Ltd, Honda Motor Co Ltd and Toyota Motor Corp, which rely on a more flexible system where they make multiple vehicles at a single plant, GM has too many factories that make just a single model.

"We need to make sure that we are well positioned to compete, not just over the next few years, but well beyond", she said.

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