GM To Close Five Plants in North America, Including Two in Michigan
General Motors says it is working to improve business.
Included in the plans are the closures of five plants in North America.
Three of those will be assembly plants in Oshawa, Ontario; Detroit, Michigan; and Warren, Ohio.
The other closures are at propulsion plants in White Marsh, Maryland and Warren, Michigan.
The company also plans to cut 15% of its salaried staff, including 25% of the company’s executives.
The moves are all part of an effort to improve overall business.
GM is expected to invest more money into technology it believes will power its future.
The goal of the company is to save $6 billion annually by the beginning of 2021.