14,700 jobs are expected to be lost in Canada as General Motor (GM) announced its restructuring plans.
GM future plans include restructuring its workforce and closing underutilized assembly plants.
The company said it will be cutting 8,100 salaried positions – or 15 percent of its 54,000-strong salaried workforce. It is expected that these job cuts and other cost-saving measures will save approximately $6 billion by the end of 2020.
General Motors stated in its Monday release that it will not allocate products to Lordstown Assembly in Ohio, Detroit-Hamtramck Assembly in Michigan or Oshawa Assembly in Ontario, Canada as of 2019. Oshawa currently builds the Cadillac XTS and Chevrolet Impala, as well as the Chevrolet Silverado and GMC Sierra.
The Ontario government in response said it is committed to helping the ousted workers find new jobs and to make sure they get the full extent of their Employment Insurance payments.