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General Motors to phase down operations in Oshawa

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TV report: General Motors plans to close Canadian assembly plant

Closing the aforementioned plants is not all, though.

The company has been dialing down production at the Lordstown plant since 2017 primarily because of weak demand for the Chevrolet Cruze manufactured there.

"Oshawa Assembly is GM's most decorated plant with a highly skilled, committed workforce".

USA consumers have swiftly shifted away from passenger cars to larger, more comfortable SUVs and pickup trucks, leaving automakers scrambling to readjust. GM Chief Executive Officer Mary Barra is trying to make the company leaner as USA auto demand slides from a record in 2016 and sales in China - GM's other profit center - are also in a slump.

In addition to the white collar job cuts, the company is shutting down plants that make models it is discontinuing.

News of the pending shutdown came as part of a massive restructuring announced earlier by the United States auto giant that includes cutting thousands of jobs and closing seven plants worldwide to save US$6 billion.

GM will also close two additional plants outside of North America by next year.

Trudeau said the plant east of Toronto and its workers had been "part of the heart and soul" of the community for generations and pledged government support for their families. The plant closure is part of global restructuring, the report added.

He said in a phone interview that the plant closure would have ripple effects well beyond the city of roughly 170,000.

"We're going to have to use all of the power of government to make sure that General Motors understands that they're not betraying this country again", he said.

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U.S. President Donald Trump won OH in 2016 campaigning on bringing manufacturing jobs back to America. "We think it's appropriate to do it at a time, and get in front of it, while the company is strong and while the economy is strong".

Wolikow said he's got three kids, and that he and his fiancee, who works at a Cracker Barrel, are racking up credit card debt just to pay for basic living expenses. The union that represents its Canadian workers said in a statement that GM's expected decision does not "live up to the spirit" of certain commitments the company made to union members during 2016 contract negotiations.

"They're gone; they're done". The first thing I said is, 'What can we do?

Scheer says the closure is devastating to thousands of families in southern Ontario and the government needs to immediately explain how it will help them and protect other manufacturing jobs in Ontario. Shares in the company rallied 7.6 percent to $38.66.

The General Motors Canada office in Oshawa, Ont., is photographed on Wednesday, June 20, 2018.

In October, GM offered buyouts to 18,000 white-collar workers as part of a cost-cutting initiative. The company has said tariffs on imported steel, imposed earlier this year by the Trump administration, have cost it $1 billion.

GM said it will take pre-tax charges of $3 billion to $3.8 billion to pay for the cutbacks, but expects the actions to improve annual free cash flow by $6 billion by the end of 2020.

Trump said Monday that he was unhappy about the Lordstown plant stopping production, and that GM should use the factory for another vehicle.

The plant closure announcement was confirmed late Sunday by an official familiar with the decision.

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