General Motors, the new plan cuts 14,700 jobs

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General Motors announces a new transformation plan for the future. The US Group will cease production in seven plants by 2019, with the aim of capitalizing on the future of mobility, also canceling the production of different models and reducing the workforce by 15{e032d70801ef90ebffe121d896a2fac3f471759eea99556104c989642bd43afc}, cutting 14,700 jobs.

After abandoning Europe with the sale of Opel to the PSA Group, India, South Africa and some countries in Southeast Asia, the company led by Mary Barra will interrupt activities in the Oshawa facilities in the Canadian province of ‘Ontario; Hamtramck in Detroit; Lordstown in Warren (Ohio), in addition to the Baltimore engines in White Marsh (Maryland) and transmissions in Warren (Michigan). The stop will affect two other plants outside of North America.

“The actions we undertake today carry on that transformation that can make us agile, resilient and profitable, giving us the flexibility to invest in the future,” said Mary Barra. “We recognize the need to tackle changing market conditions and customer preferences to position our company by enabling long-term success.”

The strategy, widely criticized by President Donald Trump, aims to reorganize the workforce globally and to increase cash generation by $ 6 billion by the end of 2020, of which 4.5 billion by cutting the labor force. costs and 1.5 billion through a reduction in investments, thus improving the investment capacity in future mobility, including electrification and autonomous driving.

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