On Monday, the Canadian channel CTV reported that General Motors is about to declare the closure of a factory in the Canadian city of Oshawa and is hitting almost 3,000 jobs at risk. By referring to multiple anonymous sources, it has been figured out that this decision is linked to the American automaker’s plans for a widespread global reformation. According to the website of the manufacturer’s, the GM’s plant that is situated is Oshawa, was built in the year 1953 and is almost about 60 kilometers (i.e., 40 miles), Northeast of Toronto.
Currently, it has around 2,800 people working in the Oshawa plant and it assembles the Chevrolet and the GMC pickups as well as the Chevrolet Impala and Cadillac XTS Sedans. In the province of Ontario, General Motors has three other sites, which is completely unclear if they will be affected or not. In the month of October, it almost had plans to decrease its labor force across North America to save their money through voluntary dismissals and it did not rule out the leeway of layoffs. This drastic plan almost stands to affect 50,000 employees across the US, Canada and Mexico and nearly 18,000 of them or 36 percent of the employees are qualified for voluntary dismissals.
The Mayor of Oshawa, John Henry said, “I am hoping that this is just a bad rumor. But until we hear something we surely do not know about it”. GM’s incomes for the quarter ending, i.e., September 30th were USD 2.5 billion, concealing prospects in the latest quarter, notwithstanding the influence of tariffs and slipping sales volume.