Slowing demand forces GM to let 1,500 workers go |

Posted on 17-10-2008 by Vlad Balan

Leave your comment Category: General Motors, News

GM spokesman Tony Sapienza announced that, due to slowing demand, GM was forced to lay off 1,500 hourly workers from three of its plants that build pickup trucks, large cars and a two-seat roadster. There were 700 workers laid off at a Pontiac, Michigan, assembly plant, and 400 each at plants in Hamtramck, Michigan, and Wilmington, Delaware. All workers received the bad news in late September. Unfortunately, this isn’t something we weren’t expecting, because the entire auto industry is hurting, plus that GM is on of the companies that suffers the most, with a $15.5 billion net loss in the second quarter and a lot of rumors about them heading for bankruptcy.

Source: Reuters

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