General Motors GM Lay off Job Cut: General Motors GM Fires 1200 employees: Finance Trading Times

General Motors GM Lay off Job Cut: General Motors GM Fires 1200 employees

Its time now for General Motors GM to annouce General Motors GM Lay offs or General Motors GM Job Cuts. As per the news reported, General Motors Corp. will lay off around 1,600 hourly workers.
General Motors GM Lay off Job Cut
Which plant employees will be affected by General Motors GM Layoffs
The General Motors GM Lay offs will happen at assembly plants in Detroit, Pontiac and Wilmington, Del.,

What is the primary reason for General Motors GM Job Cuts, as mentioned by the company?
Market Conditions is the buzzword for all companies firing employees and GM is no exception to that. It is citing decreasing demand for trucks, large cars and luxury cars for the General Motors GM Job Cuts. GM spokeswoman Sherrie Childers Arb said the layoffs in Detroit and Pontiac are the result of planned line-speed reductions. The action at Wilmington, she said, is the result of plans to reduce production from two shifts to one.

How many employee will be laid off from General Motors GM, as per the plants?
The company will lay off 500 workers at its Detroit Hamtramck Assembly plant on December 23, 2008 due to reduced demand for the Buick Lucerne and Cadillac DTS.

GM Spokesman Tony Sapienza said the Detroit Hamtramck layoffs are effective January 12.

It will lay off 700 workers at GM’s Pontiac truck assembly, where it assembles the Chevrolet Silverado and GMC Sierra pickups beginning February 1.

Then, there will be another 400 workers laid off at its Wilmington, Del. assembly plant beginning December 8. The Wilmington plant assembles the Saturn Sky, Pontiac Solstice and Opel GT roadsters.

Other developments for GM showing bad business prospects are that it plans to close its Janesville plant on December 23 — more than a year before originally scheduled — and new plans to close its Grand Rapids stamping plant by December of next year. Earlier this month, the company announced plans to accelerate the closure of its Moraine, Ohio, assembly plant by more than a year. That plant will also close on December 23.

Let's hope that alternative jobs are available to the affected employees of GM.
Have Comments or Questions? Please post them as comments using "Post our Comments" link below. Your queries will be responded for free in 24 hrs!

0 Comments: Post your Comments

Wish you all happy and fruitful trading and investing activities with safety! = = = Post a Comment

Copyright Information:
Please see Our Copy Right Policy. All the articles, posts and other materials on this website/blog are copyrighted to the owners of this portal. The content should NOT to be reproduced on any other website or through other medium, without the author's AND owners' permission. Contact: contactus(AT)

DISCLAIMER: Before using this site, you agree to the Disclaimer. For Any questions or comments, please mail contactus(AT)

About UsAdvertise with UsCopyRight Policy & Fair Use GuidePrivacy PolicyDisclaimer