Business
GM cuts Oshawa jobs as profits, shares and dividends rise
Workers at the General Motors Oshawa Assembly Complex will report for the final third shift tomorrow, as the company eliminates more than 700 direct jobs with hundreds of additional jobs lost at supply chain companies. The job cuts come in the same week GM reported more than $12 billion in pre-tax earnings for 2025, along with a plan to boost shareholders earnings through dividend increases and a $6 billion share buyback.
About this update from General Motors Company
[{"type":"text","content":"OSHAWA, ON, Jan. 29, 2026 /CNW/ - Workers at the General Motors Oshawa Assembly Complex will report for the final third shift tomorrow, as the company eliminates more than 700 direct jobs with hundreds of additional jobs lost at supply chain companies. The job cuts come in the same week GM reported more than $12 billion in pre-tax earnings for 2025, along with a plan to boost shareholders earnings through dividend increases and a $6 billion share buyback.","length":459,"tagName":"p"},{"type":"image","alt":"Aerial of GM Oshawa Assembly Complex (CNW Group/Unifor)","displaySize":"","headline":null,"caption":"Aerial of GM Oshawa Assembly Complex (CNW Group/Unifor)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":225,"url":"https://media.zenfs.com/en/cnwgroup.com/30b4dd700d2f2ec25156fba035a66644"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/FGj6a10MBBBPmonr6KnkNw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM5NztjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/30b4dd700d2f2ec25156fba035a66644","width":400,"height":225}},"href":"https://mma.prnewswire.com/media/2872747/Unifor_GM_cuts_Oshawa_jobs_as_profits__shares_and_dividends_rise.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""General Motors has made a clear decision to cave to Donald Trump rather than stand up for its loyal Canadian workforce, making the workers in Oshawa pay for that appeasement with their jobs," said Unifor National President Lana Payne. "It is misguided for General Motors to think it can get away with consistently diminishing their production footprint in Canada and still be the number one seller of vehicles in the Canadian marketplace. GM's decision is not only short sighted but fails to recognize the mood of Canadians and Canadian workers."","length":571,"tagName":"p"},{"type":"text","content":"The Oshawa Plant assembles light and heavy-duty Chevrolet Silverado pick-up trucks. After the U.S. imposed an unjust 25% tariff on Canadian-built vehicles, GM publicly ramped up Silverado production in Fort Wayne, Indiana before announcing the elimination of the third shift in Oshawa.","length":285,"tagName":"p"},{"type":"text","content":"Unifor presented GM with a viable plan to retain the third shift until the union and company enter contract negotiations in the fall of 2026, which the...