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General Motors Co (GM.N) is planning to close all operations at a plant near Toronto with an announcement expected Monday, a local TV news channel reported on Sunday.
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Citing multiple sources, CTV News reported that the plant closure in Oshawa in the province of Ontario was expected to affect “thousands” of high-paying jobs.
GM builds sedans on one assembly line and pickup trucks on another. The plant closure is part of global restructuring, the report added.
GM has been cutting jobs to deal with plunging car sales in North America.
The company has been internally debating for months how to address shrinking car demand, a person briefed on the matter said, and the issue is certain to re-emerge when GM holds contract talks next year with the United Auto Workers union.
GM employs about 2,500 union staff and roughly 300 salaried employees in the Oshawa area.
The U.S. automaker has other operations in Canada, including a plant in Ingersoll, Ontario, where it assembles Chevrolet Equinox.
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