Wednesday , May 18 2022

GM puts ax axes on factories and jobs



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US Automaker plans to shut down General Motors Plant and remove jobs. (Archive)

Source: Keystone / EPA / JFF Cawkesky

Considering the reductions in demand for change in electric cars and rising costs, General Motors's largest reconstruction after bankruptcy in the financial crisis ten years ago.

After a subsequent model and shoppers are finished, five assembly plants are being procured, announced the largest American car maker on Monday.

There are also two factories for combustion technology. A total of 8,000 employees or 15 percent of employees should leave the company, every fourth manager gets a job. GM Bose Marie Bara said, "We are adopting the reality of the market." In future, electrified and self-driving cars will be preferred. US Auto craftsmen announced a specific resistance to the UNW Union. GM shares have increased by more than 5%.

By late October, America's largest automaker had offered divorce plans in North America with a target of 18,000 for 50,000 employees. Demand for limousine demand in the United States is that costs have increased due to high US tariffs on steel imports. It said in advance that the latter has already resulted in an additional cost of one billion dollars. Barra did not mention the rigidity program at this cost, but talked about "headwinds". Like all car manufacturers, General Motors is under pressure to put a lot of money into the development of electric cars and autonomous driving. The resources for it are doubled in the next two years.

The sedan is out – SUVs and electric cars

These dams affect Canada's Oshawa plant with about 2,500 organized employees. Canadian Prime Minister Justin Trude said that on Sunday night Barra said that he was very disappointed. The state will help affected families. Next year, the US The plant will close Hematram / Michigan and Laertatown / Ohio, which has already been reduced to a shift operation to shut down. The band's models at three places are rolling like Chevrolet Cruz, Cadillac CT6 and Buick Lacrosse – they are closed. Names outside of North America have expired too soon for the two who have not yet been named by the convention. Since 2020 two drive units have no work and are threatened to close.

According to insiders, many sedan models were in nature 16 months ago. At that time, the American Auto Workers Union UWA reported that it was talking to GM that the number of saloons and which new models could be established, which factories and how many jobs are in danger. Because the classic four-door is less and less popular. American car buyers prefer to buy SUVs and pickup cars. From January to September, new car sales have increased by eight per cent, while the number of saloons decreased by 13 per cent.

General Motors plans to save $ 6 billion a year by the end of 2020, a former OPEL company said. These costs are expected to fall by $ 4.5 billion, this investment will close from 8.5 to 7 billion dollars every year. It is possible because investment in new trucks and trucks has been completed, Barra said. The value of GM's reconstruction was estimated at 3.0 to 3.8 billion dollars, which was predominantly during this and the subsequent quarter. The car maker wants to finance the restructuring costs by credit.

Ford Motor and Fiat Chrysler also lowered car production in the United States. After announcing in April, Ford wants to stop the vehicle production in North America.

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