The slowing economy and insane gas prices in the US have made it increasingly harder for automakers to sell their large SUVs and trucks.
GM announced today plans to cut a shift at hour of its North American plants. This cut is going to lead to approximately 3,500 layoffs (4% of GM’s North American workforce). Approximately 88,000 fewer trucks and 50,000 fewer SUVs are going to be produced this calendar year.
“With rising fuel prices, a softening economy and a downward trend on current and future market demand for full-size trucks, a significant adjustment was needed to align our production with market realities,” GM North America President Troy Clarke said in a statement.
Layoffs are expected to start in July.
Full Story: msnbc
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