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The American auto giant, General Motors, announced Monday that was to reduce its workforce by 15% as part of a major restructuring aimed at [6809003] saving 6 billions of dollars by 2020 in order to adapt to "changing market conditions"
The plan, which will eliminate some of the 180,000 employees of the company in the world includes the closure of three badembly factories in North America in 2019, including one in Ontario, Canada and the others in the United States.
In addition, GM expects to cease operations in other production plants, including those outside North America, with the aim of "giving priority to future investment" to its next generation of electric vehicles.
"The actions we take today continue our transformation to be agile, resilient and profitable, while leaving us flexibility for future investments," said Mary Barra, executive director of the company, a statement.
Meanwhile, US President Donald Trump, who seeks to stimulate the industrial sector to spur economic growth, said he was "disgusted" by the news.
According to the President, the same was true of Barra in a communication. . And he said, "We have a lot of pressure on them."
Looking Ahead
GM Executive Director Explains Decision: "We recognize the need to anticipate changing market conditions and customer preferences to position our society in ways that long-term success. "
The company indicated that the current supply of vehicles being optimized," it is expected that more than 75% of GM's worldwide sales volume comes from five vehicle architectures at the beginning of the next decade ".
Thus, GM seeks to concentrate its production on the most profitable vehicles such as vans and SUVs. In a call to investors, Barra said some models, such as the Chevrolet Cruze, would no longer be available in North America.
Another consequence of the plan is the impact on the financial performance of the company in recent years. quarter of 2018 and the first of 2019. The exceptional charge will be between $ 3,000 and $ 3,800 million.
"The Heart and Soul" of Oshawa
The restructuring will result in 15% of the 180,000 jobs, including a 25% reduction in management positions to "speed up "Decision Making."
The Canadian Closure Factory, located in Oshawa, currently employs about 3,000 people.
Shortly after the release of the GM plan, Canadian Prime Minister Justin Trudeau, was "deeply disappointed" by the company's decision.
"The GM workers have been part of the heart and soul of Oshawa for generations and we will do whatever it takes is in our power to help families affected by this information get back on their feet, "wrote Trudeau on Twitter 19659002] In the rain, the factory workers were demonstrating after the news broadcast, thus preventing Access to trucks
" The media have learned before us that there would be an announcement ; It's a slap, "Jackie told AFP, serving the company for seven years. "It will affect many locals, restaurants and merchants in the city," he added.
Hundreds of workers, some crying, met at local union Unifor, whose leaders met with management early in the afternoon.
" We will fight body and soul next year ," said at a press conference Jerry Dias, president of Unifor, who represents the workers from the Oshawa factory.
According to the chief, he will meet Trudeau. "We will tell the government that we must use every means, every tool, all the power of the government to guarantee General Motors that it will not betray this country anymore," he said. -he declares. had announced its intention to shut down the operations of its Gunsan plant in Korea.
Listing of GM shares was halted before the announcement. Once revived, 20 minutes later, stock prices rose by more than 6% .
The restructuring follows a similar move by Ford to reduce the number of models it manufactures.
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