{"id":28412,"date":"2018-11-27T12:55:22","date_gmt":"2018-11-27T11:55:22","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=28412"},"modified":"2018-11-27T12:55:22","modified_gmt":"2018-11-27T11:55:22","slug":"gm-to-sack-14000-workers-close-eight-plants","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/gm-to-sack-14000-workers-close-eight-plants\/","title":{"rendered":"GM To Sack 14,000 Workers, Close Eight Plants"},"content":{"rendered":"<div id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13286\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13287\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13291\" lang=\"EN\">Citing\u00a0<\/span><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13292\" lang=\"EN\">rising costs and\u00a0<\/span><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13293\" lang=\"EN\">drop in\u00a0<\/span><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13294\" lang=\"EN\">car sales<\/span><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13295\" lang=\"EN\">,<\/span><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13296\" lang=\"EN\">\u00a0<\/span><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13297\" lang=\"EN\">General Motors (GM) has concluded plans to halt production at five factories and cut more than 14,000 jobs.<\/span><\/span><\/div>\n<div><\/div>\n<div id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13298\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13299\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13301\" lang=\"EN\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13302\">The US carmaker has also announced it will close three plants outside North America by the end of 2019.<\/span><\/span><\/span><\/div>\n<div><\/div>\n<div id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13304\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13305\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13307\" lang=\"EN\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13308\">The moves follow rising costs and slower car sales and come as the firm focuses on its line-up of trucks, electric and self-driving vehicles.<\/span><\/span><\/span><\/div>\n<div id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13309\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13310\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13312\" lang=\"EN\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13313\">But the restructuring drew swift criticism from politicians, including President Donald Trump.<\/span><\/span><\/span><\/div>\n<div><\/div>\n<div id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13314\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13315\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13317\" lang=\"EN\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13318\">\u201cI am not happy about it,\u201d he said of the plans, which undercut his claims that his policies are spurring a revival in the US auto industry.<\/span><\/span><\/span><\/div>\n<div id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13319\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13320\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13322\" lang=\"EN\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13323\">\u201cThey better put something else in.\u201d<\/span><\/span><\/span><\/div>\n<div><\/div>\n<div id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13324\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13325\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13327\" lang=\"EN\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13328\">The production cuts come as buyers in North America have turned away from smaller cars to bigger vehicles such as SUVs and trucks, which now make up nearly 70% of total US car purchases.<\/span><\/span><\/span><\/div>\n<div><\/div>\n<div id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13329\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13330\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13332\" lang=\"EN\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13333\">Ms Barra said GM wants to invest in electric and autonomous vehicles, which are expected to drive future industry growth.<\/span><\/span><\/span><\/div>\n<div><\/div>\n<div id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13334\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13335\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13337\" lang=\"EN\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13338\">She is also responding to rising costs \u2013 including from new tariffs on materials such as steel \u2013 while preparing the firm for the next downturn, after US car sales peaked in 2016.<\/span><\/span><\/span><\/div>\n<div><\/div>\n<div id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13339\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13340\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13342\" lang=\"EN\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13343\">The company said the plan would help it save about $6bn (\u00a34.7bn) by the end of 2020.<\/span><\/span><\/span><\/div>\n<div><\/div>\n<div id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13345\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13346\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13348\" lang=\"EN\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13349\">\u201cThe actions we are taking today continue our transformation to be highly agile, resilient and profitable, while giving us the flexibility to invest in the future,\u201d said GM chair and chief executive Mary Barra.<\/span><\/span><\/span><\/div>\n<div><\/div>\n<div id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13350\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13351\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13353\" lang=\"EN\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13354\">\u201cWe recognise the need to stay in front of changing market conditions and customer preferences to position our company for long-term success.\u201d<\/span><\/span><\/span><\/div>\n<div id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13355\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13356\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13358\" lang=\"EN\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13359\">GM said it is cutting production of the Buick LaCross, Chevrolet Impala and Cruze, as well as the Cadillac CT6 and XTS \u2013 all sedans \u2013 as well as the Chevrolet Volt and older versions of the Silverado and Sierra.<\/span><\/span><\/span><\/div>\n<div><\/div>\n<div id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13360\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13361\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13363\" lang=\"EN\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13364\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13365\"><\/span>According to BBC report, the closures in North America include an assembly plant in Oshawa, Canada; facilities in Detroit and Warren in Michigan; a plant in Warren, Ohio and a site near Baltimore in Maryland.<\/span><\/span><\/span><\/div>\n<div><\/div>\n<div id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13366\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13367\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13369\" lang=\"EN\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13370\">It is also closing a factory in South Korea, as announced in February, as well as two other international facilities that were not specified.<\/span><\/span><\/span><\/div>\n<div><\/div>\n<div id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13371\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13372\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13374\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13375\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13376\"><\/span><\/span><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13377\" lang=\"EN\">GM said it expects the cuts in North America to affect more than 6,100 shift workers at the five plants, as well as more than 8,000 salaried employees.<\/span><\/span><\/span><\/div>\n<div id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13378\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13379\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13381\" lang=\"EN\"><span id=\"m_4895609217405477942yui_3_16_0_ym19_1_1543284001733_13382\">Globally, the firm, which employed about 180,000 salaried and shift staff at the end of last year, is aiming to reduce the number of salaried employees by 15%, including 25% fewer executives.<\/span><\/span><\/span><\/div>\n<\/p><div data-ad-id=\"32665\" style=\"text-align:center; margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;float:none;\" class=\"afw afw_ad_image afw_ad afwadid-32665  \">\r\n                     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The US carmaker has also announced it will close three plants outside North America by the end of 2019. The moves follow rising costs and slower car sales and come as the firm &hellip;<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":6,"featured_media":28413,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,1593,17],"tags":[4981],"coauthors":[2391],"class_list":["post-28412","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-metro","category-news","tag-gm"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>GM To Sack 14,000 Workers, Close Eight Plants - National Wire<\/title>\n<meta name=\"description\" content=\"Citing\u00a0rising costs and\u00a0drop in\u00a0car sales,\u00a0General Motors (GM) has concluded plans to halt production at five factories and cut more than 14,000 jobs.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/gm-to-sack-14000-workers-close-eight-plants\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GM To Sack 14,000 Workers, Close Eight Plants - 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