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GM to cut production by 250,000 vehicles




By http://www.EmploymentCrossing.com

 

http://www.EmploymentCrossing.com

 

General Motors Corp. will temporarily close 20 factories across North America. In doing so, it plans to cut vehicle production as it tries to adjust to dramatically weaker automobile demand.

 

Compared with the same period last year, GM reported its sales in the U.S. plunged 41% in November and are down 22% for the first 11 months of the year.

 

Employees will be temporarily laid off during the shutdown and can apply to receive a portion of their normal pay from the company. Workers can also apply for state unemployment benefits.

 

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