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General Motors to Lay Off 2,000 Employees in Ohio and Michigan
General Motors [fortune.com] plans to lay off 2,000 employees at two U.S. auto plants in early 2017 [fortune.com], the automaker said on Wednesday.
GM’s Lordstown, Ohio and Lansing, Michigan plants build slow-selling cars sold by Chevrolet and Cadillac. GM said it will furlough the employees when it cuts the third shift at both plants in January.
GM says the furlough is a response to what the company believes will be a continued shift from cars to crossovers and trucks. The Lordstown plant builds the compact Chevrolet Cruze, whose U.S. sales through October were down 20%. The Lansing Grand River plant builds the Cadillac ATS and CTS [fortune.com], whose sales were down 17% through October.
Everything is worth precisely as much as a belch, the difference being
that a belch is more satisfying.
-- Ingmar Bergman
