News

General Motors Closes Five Plants

Find new roads?

It doesn’t sound like General Motors is standing behind their slogan after announcing this morning that the company will be shutting down five plants in North America.

This comes just a few weeks after GM offered contract buyouts to a large number of senior employees to encourage early retirement.

The closures will affect over 14,000 employees in the United States and Canada as the company attempts to restructure operations.

GM says the change comes in order to cut costs and focus more on electric vehicles.
The company used a similar strategy in Oklahoma 2006 when the Oklahoma City plant closed its doors.

The plant is now used for aerospace manufacturing.

Categories: News

Tagged as: , , ,

Add a comment ...

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s