General Motors to shut manufacturing operations in Colombia, Ecuador -statement [Reuters]
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Source: Reuters
company said in a statement on Friday, as part of its shift towards producing next-generation vehicles. Manufacturing will cease at company's Colmotores plant in Colombia from Friday, it said, while operations will halt at its factory in Ecuador at the end of August. In Colombia, the company is seeking permission from the labor ministry to lay off 850 workers, a spokesperson said. Its Colombia manufacturing plant was operating at 9% capacity, General Motors said, while its Ecuadorean operation was at 13% capacity. Despite closing its manufacturing operations, General Motors will not exit either country, the company said, but will maintain dealerships in both Colombia and Ecuador. Stay up to date with the latest news, trends and innovations that are driving the global automotive industry with the Reuters Auto File newsletter. Sign up Reporting by Nelson Bocanegra and Luis Jaime Acosta Writing by Oliver Griffin and Julia Symmes Cobb Our Standards:
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