Statistics of the Day: Labor-Related

ACADEME BLOG

POSTED BY MARTIN KICH

This news report is from CNN:

General Motors is cutting almost half the jobs at its only plant inside Detroit city limits.

In another sign of slowing auto sales, the Detroit-Hamtramck plant will eliminate its second shift and about 1,300 of its 3,000 jobs. The layoffs will take place in March. GM said it will try to find jobs for the employees at other plants.

The Detroit facility is the third GM plant to eliminate the second shift. Plants in Lansing, Michigan, and Lordstown, Ohio, announced layoffs in November, the first permanent cuts by GM at its U.S. plants since 2010. Those cuts take effect early next year.

In all, GM will cut about 3,300 jobs at the three plants.

GM (GM) has enjoyed a sustained recovery since its 2009 bankruptcy and federal bailout, posting record earnings and steadily increasing sales. But sales are expected…

View original post 589 more words

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