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GM to lay off 3,550 at 4 pickup truck and SUV factories

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Issue:

Business

 

Written by:

Lisa T

 

Date added:

August 23, 2014

 

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Grade:

A

 

No of pages / words:

2 / 380

 

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9937 times

 

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Essay content:

Final numbers must be worked out with unions, he said. Laid-off workers will get unemployment benefits and supplemental pay that total 80 percent of their normal 40-hour gross pay, said GM spokesman Dan Flores. Greg Gardner, an analyst with the Oliver Wyman Group, said the cuts look like "a realistic assessment...
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"It looks like that they don't plan on making up very much of the production loss due to the American Axle strike." Gardner said GM's announcement reflects the industry's overall production forecast this year, down to about 15 million light vehicles from an earlier forecast of 15.5 million. The Flint, Pontiac and Oshawa plants make the Chevrolet Silverado and GMC Sierra pickups, while Janesville manufactures the Chevrolet Tahoe and Suburban and GMC Yukon big SUVs...
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