🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

General Motors GM pleads guilty in worker safety case, fined $350,000

Published 04/05/2023, 19:22
© Reuters.
GM
-

General Motors Company (NYSE:GM) has been fined $325,000 in Canada after pleading guilty to failing to take every precaution reasonable in the circumstances leading to the death of a worker at the automaker’s St. Catharines facility on October 22, 2021.

The company pled guilty in court last week.

The incident occurred while two workers were replacing a pneumatic cylinder on the milling machine. One worker was inside the machine, while the other was on top of it. The worker on top was not wearing any fall protection at the time of the accident.

The conviction was handed down by Justice Cameron Watson in the Ontario Court of Justice in St. Catharines on April 26, 2023. The court also imposed a 25% victim fine surcharge, as required by the Provincial Offences Act, which will be credited to a special provincial government fund to assist victims of crime.

The ruling follows another worker at the same plant was injured on the job in January. He was airlifted to hospital with serious injuries.

Shares of GM are down 2.28% in afternoon trading on Thursday.

 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.