GM Cuts 1000 Jobs in Canada

GM has announced that it is cutting 1000 jobs at its Oshawa assembly plant in Canada. 

This is the result of Chevy Camaro production moving from Oshawa to an assembly facility in Michigan. Production of the Camaro in Oshawa will end on November 20, 2015. The Oshawa plant currently employs 3600 employees which will be cut to 2600 once Camaro production leaves.

South of the border, the General announced a new investment of $5.4 billion into US manufacturing, which will add 650 jobs.

SEE ALSO: GM Announces $5.4B Investment into US Manufacturing

The Oshawa assembly plant will continue manufacturing five vehicles: the Chevy Impala, Buick Regal, Cadillac XTS, Chevy Equinox and Impala Limited.

GM will offer retirement incentives to roughly 2,100 employees to help manage the large job cut. In the long term, GM says it will make future production decisions for Oshawa once bargaining with Unifor (the Canadian Auto Union) is finished in 2016. The company says it remains committed to Canada and recently announced an $800 million investment into the CAMI plant in Ingersoll, Ontario.

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