General Motors to close five plants eliminating over 14,000 jobs as it shift focus to electric vehicles
General Motors Company on Monday announced the closure of five plants including two in Detroit as well as manufacturing plants in Ohio and Canada
The American multinational corporation General Motors Company is reportedly closing five of its plants, cutting up to 14,700 jobs in an effort to restructure to save $6billion. The move comes as the firm is shifting its focus to autonomous and electric cars, according to reports.
The company, on Monday, announced that the closure of five plants also includes two in metro Detroit as well as manufacturing plants in Ohio and Canada. GM Chairman and CEO, Mary Barra, said that the savings attempted by the firm were necessary so that General Motors can invest in the future.