Thursday , October 28 2021

General Motors will reduce 15% of employees in North America & # 39; On



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The biggest awtomier US General Motors Co. (GM) plans to reduce the number of & # 39; employees in North America & # 39; America 15%, including reducing the number of & # 39; & # 39 managers with around 25%.

Because the actual number of & # 39; GM employees in the region, redundancies will affect more than 10 thousand people.

The company also plans to close four & # 39; plants in the US and one in Canada by the end of 2019 if the unions and the unions fail to agree on an increase in the amount of & # 39; work & # 39; these enterprises. We are talking about the plant for assembly & # 39; & # 39 sedan f, Detroit, plant for the production of & # 39; small cars in Ohio and plant in the Canadian city & # 39; Oshawa near Toronto. Two & # 39; transmission can also be closed factories – in the suburbs & # 39; Detroit and f & # 39; Baltimore.

In addition, the firm can & # 39; closes two other plants outside North America & # 39; On.

These measures lead to removal & # 39; assets & # 39; once & # 39; & # 39 amount, up to $ 3.8 billion, which will be reflected in the financial statements for the current quarter and the first quarter of next year.

At the same time, the expected increase in free cash flow of GM by the end of 2020 will be & # 39; $ 6 billion, including a reduction in operating costs & # 39; $ 4.5 billion. This allows the company to double its investment in the development of & # 39; electric cars and cars that drive themselves them within two years.

The shares & # 39; General Motors jumped in price b & # 39; 5.8%, up from July. Since the beginning of the year, the company's capitalization decreased by & # 39; 7.3%, to $ 50.7 billion.

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