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-0.00154878678368617 -0.00258131130614356 -0.00361383582860094 -0.00309757356737216 0.00206504904491477 0.00309757356737234 0.0108415074858028 0.00929272070211666
Stock impact report

GM axes third shift at Oshawa plant, laying off 700 workers [Yahoo! Finance Canada]

Stellantis N.V. Common Shares (STLA) 
plant in Oshawa, Ont., laying off about 700 people inside the plant, plus another 300 to 500 workers at parts companies that supply the facility, according to Unifor, the labour union representing the workers. The Oshawa plant makes Chevrolet Silverado pickup trucks — one of GM's best-selling models — but the automaker has been under pressure from United States President Donald Trump to move manufacturing to the U.S. His administration last year enacted a tariff regime to that end. GM originally said it would eliminate the third shift in Oshawa last year, while also saying it would add a shift at an Indiana plant that also makes the pickups, but it eventually committed to keeping the third shift until early 2026. GM did not respond to requests for comment. The company last year also ended production of its battery electric delivery van, the BrightDrop, citing poor demand, resulting in 1,200 workers at its CAMI assembly plant in Ingersoll, Ont., losing their jobs. In response Show less Read more
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