GM Cuts Hundreds of Ohio Jobs as Car Sales Continue to Drop

General Motors is cutting several hundred jobs at its plant in Lordstown, Ohio as the automaker adjusts to dramatically slower demand for cars. The plant, which employs just under 3,000 workers, builds only the Chevy Cruze.

Friday afternoon plant leaders informed workers the facility will be slowing the assembly lines by eliminating one of two shifts starting in mid-June. General Motors says up to 1,500 workers could be impacted, though the exact number of jobs being eliminated will not be known for a few weeks.

The move is not surprising given the dramatic drop in demand for sedans, especially in the United States. This year, car sales are down 13.2 percent while sales of pickups, SUV’s and crossovers are up seven percent. For the Chevy Cruze, the drop in sales has been even more severe.

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SOURCE: Phil LeBeau
CNBC

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