The profits are being announced as GM lays off thousands of workers.
The automaker is in the midst of a US$11 billion global restructuring.
Reductions would be achieved as far as possible through voluntary departures.
That still leaves the majority of the cuts hitting white-collar workers and Canadians.
Aim is to protect jobs, pensions and ongoing operations at the Hamilton and Lake Erie facilities.
Cuts come as the company nears the end of a massive restructuring plan.
Smartphone maker has not disclosed how many employees have been affected.
Company will write down its entire$7.3 billion purchase of Nokia in Q4, take restructuring charge of up to $850 million.
Cuts amount to about 20% of the company’s workforce of more than 600 full-time employees.
Machinery maker says cuts will save $1.14 billion this year.
Aerospace engine maker’s CEO says cuts “will not be the last.”
Job cuts will affect workers in operations around the world.
Transportation giant’s aerospace division is laying of 1,800 employees.
Union says employees should be getting more from the company.
Weighed down by restructuring with closing of Hamilton facilities and other costs.