General Motors of Canada is planning on cutting 1,000 jobs at its truck plant in Oshawa, Ontario starting this January. The job cuts come amid slumping pick-up sales. GM will cut one shift of production of Chevrolet Silverado and GMC Sierra pick-up trucks, reducing the number of shifts from three to two for the fist time since the early 1990s. The plant employs more that 3,000 workers.
The news comes just after GM announced it would be cutting production at six plants, including Oshawa, last week. According to Automotive News, the slumping truck and SUV market is due to a weak housing market, higher gasoline prices and tough competition.
During July, GMC Sierra and Chevrolet Silverado sales fell 28% and 26%, respectively.
