GM Cutting Back and Cutting Jobs

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M30o93H7pQ09L8X1t49cHY01Z5j4TT91fGfr GM Cutting Back and Cutting Jobs
Published: Mon, April 28, 2008 - 10:21 pm
Last Updated: Mon, April 28, 2008 - 10:25 pm
General Motors says it plans to cut one shift
each at four factories that make pickup trucks and big sport
utility vehicles. The moves will translate to layoffs for about
3,500 workers.
The world's largest automaker said the cuts are due to sagging
sales, the result of high gasoline prices and the economic
downturn.
GM said the cuts will affect pickup factories in Pontiac and
Flint, Michigan, and Oshawa, Ontario, as well as an SUV plant in
Janesville, Wisconsin.
The company says with the cuts, it will make about 88,000 fewer
pickups and 50,000 fewer large SUVs this calendar year.
GM said the exact number of layoffs will be worked out with its
unions.



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