General Motors is expected to make a major announcement Monday that could affect its historic assembly plant in Oshawa, Ontario

General Motors is expected to make a major announcement Monday that could affect its historic assembly plant in Oshawa, Ontario

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GM is reinventing itself. It's cutting 15% of its salaried workers and shutting 5 plants in North America

General Motors on Monday announced a major restructuring of its global business, saying it will shut production at five facilities in North America and slash its staff. GM will reduce its salaried workforce by 15%, including a quarter of the company's executives.