General Motors Ecuador factory to shut shop – report
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General Motors (NYSE:GM) announced the closure of its manufacturing facility in Ecuador, citing increased competition from local firms, Reuters reported. The factory, located in Quito, will cease production on Friday, September 6, 2024.
The OBB plant in Quito accounts for 51% of Ecuador’s automotive output, the report said.
The closure will impact more than 300 workers who for years assembled Cadillac and Chevrolet vehicles.
“I have mixed feelings – I’m welding my last truck for General Motors in Ecuador. It will affect us a lot. Not all of us will have the same opportunity for a new job,” said welding team leader Antonio Oramas, who joined the plant in 2004.