General Motors nips 1000 jobs in Canada image

The Detroit-based carmaker has publicly announced that it will cut no fewer than 1000 jobs at its assembly plant in Oshawa, Canada as a result from the Chevy Camaro production being moved from there to an assembly facility in Michigan.

The production of the Camaro model in Canada will stop in November this year and the plan, which has currently 3600 employees, will be only left with 2600 once the Camaro manufacturing leaves the place.
However, General Motors has announced for North America a new investment worth of $5.4 billion that will focus on U.S. manufacturing and that will lead to 650 new jobs.
The Canadian plant will still produce five vehicles for GM: the Chevy Impala, the Buick Regal, the Cadillac XTS, the Chevy Equinox and the Impala Limited.

GM is offering retirement incentives to around 2100 employees in order to manage the big job cut they’re pulling, and says that for the long run, it will make future production decisions concerning the Oshawa factory once the bargaining with Unifor, the Canadian Auto Union, ends in 2016. The American company stated that it will remain committed to Canada, with a recent announcement of investing a massive $800 million into the Canadian Automotive Manufacturing Inc plant located in Ingersoll, Ontario.

General Motors, the largest US automaker and the third biggest in the world, is also currently considering ceasing production operations in Venezuela starting July as the automaker is joining other corporations in a drive to stop monetary losses in the country.

By Gabriela Florea