GM cuts could affect local businesses

There's some uncertainty in the audio industry after General Motors announced it's cutting thousands of jobs in North America.

The GM logo is seen at the General Motors Lansing Grand River Assembly Plant in Lansing, Michigan October 26, 2015. Photo taken October 26. REUTERS/Rebecca Cook

General Motors on Monday announced it's cutting up to 14,000 workers and putting five plants up for possible closure in North America.

The Associated Press reports the cuts could add up to as much as eight percent of GM's global workforce.

While none of the plants are in Iowa, some businesses in the state could feel an impact.

It's unclear as to what the announcement could mean for companies in eastern Iowa, like PMX Industries, Inc. in Cedar Rapids. The company makes materials that are eventually sent to other manufacturers that then build the electronic components that car factories like GM use in their vehicles.

Executives at PMX say they believe the impact from GM's announcement will be minimal.

As part of the announcement, G-M said it's scrapping several car models including the Chevy Impala and the Chevy Volt.

International Automotive Components in Iowa City laid off hundreds of workers back in 2016, when Fiat Chrysler phased out the Dodge Dart.

While IAC makes parts for GM, there's no word on if Monday's announcement will have an impact.