As reported earlier, General Motors plans to cut production in the first quarter of 2008 by 11-percent in an effort to limit excessive dealer inventory. The cut would affect both cars and trucks, but GM announced today that it would be halting production of its pickup plants in Pontiac; Fort Wayne, Indiana and Oshawa, Ontario for two weeks beginning on December 31st of this year. The plants currently build the Chevrolet Silverado and GMC Sierra. An unfortunate way to bring in the New Year, but if it limits discounts, more power to the General.[Source: Detroit News]
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Reader Comments (Page 1 of 1)
naif @ Dec 4th 2007 7:53PM
so when the managers at these car companys cut production do they take a paycut or get another raise?
Steve B. @ Dec 4th 2007 9:51PM
Why would they get a pay cut, since they are salaried? There's no reason to punish them, since they are keeping supply in check with demand... which is a part of "managing," right?
People who work a job with an hourly rate should plan for interruptions in their pay like this... if their services were needed on a stable basis, wouldn't the company just save money by paying them like real employees rather than temporary contractors?
MO @ Dec 5th 2007 10:03AM
Do they still have something called job bank?