GM unveils restructuring plan; will lay of 14700 workers in North America

GM workers gather for a meeting at UNIFOR Local 222 near the General Motors' assembly plant in Oshawa

"We will achieve this through a combination of voluntary and involuntary programs", she said.

That was followed in 2008 with the closure of the city's truck plant, leading to a almost two-week blockade of GM Canada's head office in Oshawa.

Plants in Baltimore, Maryland, and Warren, Michigan that assemble powertrain components will have no products assigned to them after 2019 and thus are at risk of closure, the company said.

Barra said in a conference call with reporters that she wanted to transition the company when times were good.

A spokeswoman for GM Canada said Sunday that the company had "no news or comment tonight" and would not be commenting on speculation.

It plans to reduce annual capital spending to $7bn by 2020 from an average of $8.5bn a year during the 2017-2019 period.

GM - whose brands include Chevrolet, Buick, Cadillac and GMC - said the cuts would save $6bn (£4.68bn) by the end of next year. Four other facilities are falling under the ax.

It said earlier this month that it plans to move workers at its Pontiac propulsion facility to its Tech Center in Warren. The United Auto Workers union has said the move was callous.

"Unifor is scheduled to hold a discussion with General Motors (Monday) and will provide further comment following the meeting". He said Canadians should expect to see a "very aggressive" campaign against the closure launch soon.

A source familiar with the situation has told The Canadian Press that General Motors Canada will shutter the plant as part of a shift in global production that will also affect operations in other countries. Some U.S. factory workers could transfer to truck or SUV factories that are increasing production. "We think it is appropriate to do it at this time while the company is strong and the economy is strong".

"They're gone; they're done". "They told me straight up there's nothing we can do". In 2009 the government bailout for auto manufacturers established that 16 per cent of GM's manufacturing in North America was to be kept in Canada.

GM jumped as much as 7.9 percent to US$38.75, the highest since July, as of 12:20 p.m.in NY trading.

Meanwhile, GM's plant in Oshawa, Ontario, will stop making the Impala, Cadillac XTS and 2018 full-size pickups in the fourth quarter of next year. The end has been in sight for some of these plants for a while, though: both Lordstown and Detroit-Hamtramck were running just one production shift, and in November, GM offered buyouts to some 50,000 salaried employees.

"I'm hopeful that another automotive manufacturing company will come in and take over the Lordstown facility, and take advantage of our exceptionally hard working and well-trained workforce here in the Mahoning Valley", Congressman Johnson said.

The US$6-billion in savings includes cost reductions of US$4.5 billion and lower capital expenditure annually of nearly US$1.5 billion, GM said.

Most of the factories to be affected by GM's restructuring build cars that won't be sold in the USA after next year.

What's more, the Cruze plant just outside Youngtown is in a Democratic and labor stronghold, where Trump won over a surprising number of voters two years ago by reaching out to what he called America's "forgotten men and women".

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