General Motors Reduce 15% of staff in North America



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General Motors Co (MG) is the largest engineer of the US to reduce the number of staff in North America with 15%, and # 39; including a 25% reduction of managers, the company said in a press release, reported Interfax.

With the current number of GM staff in the region, layoffs will affect over 10,000 people.

The company also plans to close four plants in the United States and one in Canada by the end of 2019 if executives and trade unions have agreed to increase the workload of these enterprises. We talk about the plant for a sedans collection in Detroit, the plant for the creation of small cars in Ohio and the plant in the city of Oshawa, Canada near Toronto. Two broadcasting factories can also be closed – in the suburbs of Detroit and Baltimore.

In addition, the company may close two other plants outside North America.

These measures will continue to write a single-time property of up to $ 3.8 billion, which will be shown in the financial statements for its & # 39; quartile and for the first quarter of the next year.

At the same time, the expected increase in the GM free cash flow by the end of $ 20 billion will be $ 20 billion, and including operating cost of $ 4.5 billion. This will allow the company to invest duplication in the development of automobile cars and self-cycling cars within two years.

General Motors shares increased by 5.8%, to the maximum of July. Since the beginning of the year, its company decrease has decreased by 7.3%, to $ 50.7 billion.

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