With Wall Street continuing to do its best impression of a yo-yo and the less-than-optimistic sales forecast for 2009, General Motors has announced further job cuts affecting three of its North American production facilities. In all, GM plans to lay off another 1,500 hourly workers.
According to Automotive News, GM is moving forward with job cuts in order to keep supply in line with demand. New car sales are expected to dip below the 14 million unit mark in 2008, with that figure to slip as low as 13.5 million units in 2009.
The cuts are planned for GM’s Pontiac full-size truck plant (which produces the Chevrolet Silverado and GMC Sierra), Detroit-Hamtramck large car plant ( Cadillac DTS and Buick Lucerne) and Wilmington, Delaware two-seat roadster plant (Saturn Sky and Pontiac solstice).
The Pontiac facility will lose 700 jobs, while GM plans to lay off 400 workers at each of the other two plants.
No word on when the lay offs will take effect, but we suspect the cuts could come before the calendar flips.
