GM to Close 8 Plants, Lay Off Close to 15,000 Workers

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Factories that don't have any products after next year and could be closed include assembly plants in Detroit and Oshawa, Ontario, and Lordstown, Ohio, as well as transmission plants in Warren, Michigan, and near Baltimore. According to reports, the Chevrolet Cruze and Impala, Cadillac CT6, Buick LaCrosse and Chevrolet Volt hybrid will all be axed.

Four factories in the U.S. and one in Canada could be shuttered by the end of 2019 if the automaker and its unions don't come up with an agreement to allocate more work at those facilities, GM said in a statement today. GM propulsion plants in White Marsh, Maryland and Warren, Michigan will also be shut. Ford (F) announced in April it would just about end all production of sedans in North America. "As we're transitioning to the new truck architecture", she said.

The company, which is shifting its focus to electric and autonomous vehicles, has been cutting jobs to deal with plunging auto sales in North America and has been debating for months how to address shrinking auto demand.

GM's latest move includes the possible closure of seven plants worldwide, as the firm shifts its focuses from away from a stagnant sedan/saloon vehicle market. The expenditures to bring those vehicles to production will start to hit with new batteries and body architectures created to generate profits. They recalled how the Ontario government had helped GM Canada out with bailout money nearly 10 years ago...

The company's main competitor, Ford, said earlier this month that it would reduce its salaried workforce by the second quarter of 2019.

Cost pressures on GM and other automakers and suppliers have increased as demand waned for traditional sedans. It said the buyouts, which were announced on the same day the company reported a $2.5-billion profit, were due to expected future financial challenges brought on by declining sales and USA -imposed tariffs on steel and aluminum.

"Today our generation is facing a new Black Monday in the Mahoning Valley", Congressman Ryan said, "GM's announcement is devastating for the men and women working at Lordstown and everyone here in the Mahoning Valley".

GM's actions provoked anger from political figures on both sides of the U.S.

"We have a collective agreement that says they're not closing any of our facilities ... so we will do anything by any means to make sure that they live up to their word", Dias said at a press conference in a packed union hall.

General Motors Canada will be announcing the closure of all operations in Oshawa, Canada on 26 November, multiple anonymous sources told CTV News Toronto.

This morning, dozens of workers were seen walking out of the Oshawa Assembly Plant, with some saying they were very unhappy with news of the planned closure.

The Canadian prime minister added that he had spoken with Barra on Sunday "to express my deep disappointment in the closure" of the factory in Oshawa in the province of Ontario. GM Chief Executive Officer Mary Barra is trying to make the company leaner as US auto demand slides from a record in 2016 and sales in China - GM's other profit center - are also in a slump.

Even as GM is moving to lay off salaried staff, the company is hiring.

Meanwhile, GM will be investing heavily in autonomous and electric vehicle technology, said Barra.

Workers ― and others in the city ― held their breath just a few years ago when it appeared the plant might close.

Altogether, GM has five vehicle factories with plenty of unused capacity in Kansas City, Kansas; Lordstown; and Detroit-Hamtramck, Lansing, and Orion Township, Michigan. He said the decision to halt sales of the Chevrolet Cruze had "nothing to do with tariffs" but was because of poor sales.

Industry analysts are already plotting out possible targets for GM, including its sprawling Lordstown plant in northeastern Ohio. GM has several plants running well below that, and Barra said North American operations overall were operating at 70 percent capacity.

Trump won OH in 2016 campaigning on bringing manufacturing jobs back to America.

"I have a family to feed, three kids that I have to support", said George Balsdon, who has worked at the plant for about seven years and said he was "shocked, stressed, didn't really sleep much last night".