Thursday 1 May 2008

GM Layoff: General motors Layoff: fires 1000: job cuts

Lay offs wreck lives. But unfortunately, the business decisions aim to improve profitability and cut the costs. Lay-offs are just a step towards these.

This time, the ailing automobile company struggling with the trucks business is going for cutting the head count by 900 to 1000 employees.
As per the news on Northumberland, GM will be cutting shifts at four North American manufacturing plants, including Oshawa, to counteract the downturn in truck sales. The company attributed the loss of sales to the economic downturn in the U.S. (the market for about 90 per cent of the trucks made in Oshawa), plus the high Canadian dollar, according to published reports.

"The government has the tools to correct the situation but they aren't using them," CAW president Chris Buckley told Northumberland Publishers early Tuesday.

Related: Home Depot Layoffs, Citibank layoffs,Google DoubleClick layoff,AT&T layoff,Motorola Layoff,AOL lay off,

This is the second shift closure to be announced at the Oshawa GM truck plant. The first took place in January affecting about 1,200 people.

That will leave only one shift of truck manufacturing at Oshawa's GM facilities where they are currently making the GMC Sierra and Chevrolet Silverado.

Whatever allegations, attacks and counter-attacks go on, the fact is that the employees are the ones who would suffer. Hope that the 1000 employees who will be laid-off from GM Plant should find alternate means of Jobs. Table of Contents

No comments:


Copyright Information:
© http://invest-n-trade.blogspot.com
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.

DISCLAIMER: Before using this site, you agree to the Disclaimer.

About UsAdvertise with UsCopyRight Policy & Fair Use GuidePrivacy PolicyDisclaimer