GM plans more than 14,000 job cuts, 7 factory closings

Updated at 1 p.m.

LAYOFFS: General Motors Co. announced plans to cut more than 14,000 salaried staff and factory workers and close five factories in the U.S. and Canada by the end of next year. Above, GM's headquarters in Detroit. / BLOOMBERG NEWS FILE PHOTO/JEFF KOWALSKY
LAYOFFS: General Motors Co. announced plans to cut more than 14,000 salaried staff and factory workers and close five factories in the U.S. and Canada by the end of next year. Above, GM's headquarters in Detroit. / BLOOMBERG NEWS FILE PHOTO/JEFF KOWALSKY
NEW YORK - General Motors Co. will cut more than 14,000 salaried staff and factory workers and close seven factories worldwide by the end of next year, part of a sweeping realignment to prepare for a future of electric and self-driving vehicles. Four factories in the United States and one in Canada could be shuttered…

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