The American car group General Motors (GM) wants to mine in North America, 14.700 Points in production and administration. By the end of 2020, an annual six billion dollars are to be saved, the company said. The costs are expected to fall to $ 4.5 billion and investment to $ 1.5 billion per year. A reduction in staff by a total of 15 percent will go hand-in-hand with a reduction of 25 per cent of all management jobs, according to GM.
Also, check the group, whether up to five new factories are to be closed. In the future, the emphasis should be placed on Autonomous and electric vehicles, the company said.
In the case of the Disposition of the factories it was mostly of the locations where currently the models are mounted, which are not to be sold after 2019 in the United States. They could be closed or contracts for the construction of other models. It is to be spoken in collective bargaining with the unions in the coming year. Affected the locations of Detroit, Lordstown, Oshawa in Canada, Warren, and Baltimore.
the Background for the change in the company is the sharp drop in demand for sedans in the US and rising costs, such as through the US President Donald Trump adopted higher import duties on steel. On the exchange the message was well received – the GM share price initially rose to about seven percent.