GM to close Canadian factory, putting 3000 jobs at risk: Reports
General Motors is to announce on Monday the closure of a factory in Canada, putting almost 3,000 jobs at risk, Canadian news media reported.
The decision is part of the US automaker's plans for a comprehensive global restructuring, channel CTV reported Sunday, citing several anonymous sources. Other media, including Radio-Canada/CBC, had similar reports.
The plant in Oshawa, about 60 kilometers (40 miles) northeast of Toronto, was built in 1953, according to the manufacturer's website.
It currently employs 2,800 people and assembles Chevrolet and GMC pickups as well as Chevrolet Impala and Cadillac XTS sedans, the website says.
"I'm hoping it's just a rumour," Oshawa Mayor John Henry said.
"Until we hear something, we don't know."
Disclaimer: No Business Standard Journalist was involved in creation of this content