General Motors plans to shut five plants in 2019
by ChemOrbis Editorial Team - content@chemorbis.com
According to an official news release published on November 26, the US carmaker General Motors (GM) announced that it will shut down three assembly plants and two propulsion plants in the US and Canada in 2019.
GM cited changing customer preferences in the US and market-related volume declines in cars as the reasons behind the decision. According to data from Autodata Corp, the US auto sales are expected decline by 3.8% year-on-year in November.
In addition to the five North American plants that are planned to be shut down, the company stated that two international plants outside North America would be closed by the end of 2019.
The shutdowns will reportedly eliminate approximately 8,000 of GM’s salaried workers, and an additional 6,000 hourly workers are expected to either lose their jobs or be transferred to other plants.
GM cited changing customer preferences in the US and market-related volume declines in cars as the reasons behind the decision. According to data from Autodata Corp, the US auto sales are expected decline by 3.8% year-on-year in November.
In addition to the five North American plants that are planned to be shut down, the company stated that two international plants outside North America would be closed by the end of 2019.
The shutdowns will reportedly eliminate approximately 8,000 of GM’s salaried workers, and an additional 6,000 hourly workers are expected to either lose their jobs or be transferred to other plants.
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