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General Motors has confirmed the 15% reduction in its workforce to save $ 6 billion.
It will reduce auto production, stop the construction of several slow-selling models and reduce its North American workforce.
It's the largest restructuring of GM in North America since its bankruptcy ten years ago.
GM has announced plans to stop production next year at three badembly plants: Lordstown, Ohio, Hamtramck, Michigan and Oshawa, Ontario.
The company also plans to stop building several models badembled in these plants.
GM said investments in electric and autonomous vehicles would be more important.
The issue will be addressed in discussions with the United Auto Workers Union next year. GM CEO Mary Barra unveiled the plan.
"We are sizing our capacity according to the realities of the market," she said, adding that the cuts were motivated by the changes in the auto industry.
GM's shares were up more than 2% to $ 36.72 before being stopped.
Cost pressures for GM and other automakers and suppliers increased as demand for traditional sedans declined.
The company said the tariffs on imported steel, imposed earlier this year by the Trump administration, cost it $ 1 billion.
A Canadian union, Unifor, which represents most of the unionized auto workers in Canada, said GM had announced that no proceeds would be awarded to the Oshawa plant, located about 60 km from Toronto after December 2019.
GM employs approximately 2,500 union members in Oshawa.
GM has begun what should be a long and costly transition to a new business model that includes electrified and automated vehicles, many of which will be shared rather than owned.
The first US automaker announced the latest tightening of the belt late October by offering 50,000 employees in North America to buy its employees, with the aim of reducing the workforce by 18,000 people. He plans to reduce by 25% the number of its leaders, said the source.
A general slowdown in pbadenger car sales has begun to accelerate in 2017.
According to the preferences of American consumers, larger and more comfortable pbadenger cars and vans were abandoned, leaving car manufacturers unable to readjust.
In 2012, pbadenger cars accounted for more than half of new vehicle sales in the United States.
In the first nine months of 2018, this figure had fallen to about one-third.
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