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GM to announce more production cuts

Discussion in 'The Coffee Shop ~ Chit Chat' started by ChevyFan, Nov 21, 2008.

  1. ChevyFan

    ChevyFan November Beard Grower - Cancer Fighter Staff Member 5+ Years 5000 Posts

    General Motors Corp. is telling workers that it will make further production cuts at several factories, according to people briefed on the discussions.

    More...

    DETROIT - General Motors Corp. is telling workers that it will make further production cuts at several factories, according to people briefed on the discussions.

    The people did not want to be identified because the announcements were still being made Friday morning. The extent of the cuts was unknown.

    GM has announced thousands of factory layoffs so far this year and is cutting its salaried staff in order to pare expenses and conserve cash. The company has said it could run out of cash by the end of this year.
     

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