GM Slashing 14,700 Factory And White Collar Jobs; May Close Five Factories.

GM plant in Lordstown, Ohio.

General Motors looks to cut 14,7000 factory and white-collar jobs in North America, the AP reported on Monday.

General Motors is set to lay off 14,700 North American factory and white-collar workers, according to the Associated Press, as well as potentially close five factories.

The reduction includes 8,100 white-collar workers, some of whom will take buyouts and others who will be laid off. Most of the affected factories build cars that won’t be sold in the U.S. after next year. They could close or they could get different vehicles to build. They will be part of contract talks with the United Auto Workers union next year.

Plants without products include assembly plants in Detroit; Lordstown, Ohio; and Oshawa, Ontario. Also affected are transmission factories in Warren, Michigan, as well as Baltimore.

The planned layoffs could affect about 6,000 jobs in the U.S. and Canada.

More here.