General Motors announced that it is going through a restructuring process to extend its manufacturing capacity.
In total, 4 factories will be closed in Michigan, Maryland and Ohio.
Another factory will also be closed in Ontario, Canada.
15% of the total number of employees will be deduced, which is approximately 10 to 15 thousand employees.
Therefore, the company is expected to increase its cash flow with an additional 6 billion dollars.
GM President and Senior Executive Mary Barra made an announcement about the issue.
Açıklamanın ardından GM’nin New York borsasında işlem gören hisseleri %6 değer kazandı.
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