GM to lay off 3,550 at 4 pickup truck and SUV factories
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Title: GM to lay off 3,550 at 4 pickup truck and SUV factories

Essay Details:

Subject: Business
Author: Nancy D
Date: April 16, 2015
Level: University
Grade: A
Length: 2 / 380

Essay text:

Final numbers must be worked out with unions, he said. Laid-off workers will get unemployment benefits and supplemental pay that total 80 percent of their normal 40-hour gross pay, said GM spokesman Dan Flores. Greg Gardner, an analyst with the Oliver Wyman Group, said the cuts look like "a realistic assessment." "The full-size pickup and SUV market is not going to rebound anytime soon," he said. "It looks like that they don't plan on making up very much of the production loss due to the American Axle strike." Gardner said GM's announcement reflects the industry's overall production forecast this year, down to about 15 million light vehicles from an earlier forecast of 15...

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