Monday, November 26, 2018

This closing was provably expected.

Canada could ask GM for a sales price if it has recruited other companies that would find the factory adequate to their purpose.

November 26, 2018
By Neal E. Boudette

The General Motors plant in Oshawa, Ontario, where G.M. Canada has its headquarters. The plant once had 40,000 workers, but has recently employed only a few thousand.

General Motors (click here) said Monday that it planned to idle five factories in North America and cut several thousand blue-collar and salaried jobs in a bid to trim costs.

The action follows similar job-cutting moves by Ford Motor in the face of slowing sales and a shift in consumer tastes, driven in part by low gasoline prices.

The five G.M. plants will halt production next year, resulting in the layoff of 3,300 production workers in the United States and 3,000 in Canada. The company also aims to trim its salaried staff by 8,000....