General Motors Layoffs: 581 Jobs
GM TO CUT ALMOST 300 JOBS IN MICHIGAN TRANSMISSION PLANT
(CNN) – General Motors plans to cut jobs.
The automaker did not put a number on exactly how many jobs it is cutting, but it is slashing roughly half the nearly 600 workers at its Warren transmission plant.
The Michigan factory makes transmissions used in several GM cars and electric drive units for the Chevrolet Volt.
A statement from the company says the move is due to reductions in its passenger car production.
Most automobile manufacturers have seen demand for cars slip in recent years.
Consumers are buying more trucks and SUV’s instead.