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News > Companies
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GM to lay off 2,850
graphic February 15, 2002: 6:36 a.m. ET

Automaker cites slowing truck sales and a weak market as reason for cuts.
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  • General Motors 4Q profit sink 58% - Jan. 16, 2002
  • GM raises 4Q, '02 earnings outlook - Jan. 10, 2002
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  • General Motors
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    NEW YORK (CNN) - General Motors says it is laying off up to 2,850 workers at two plants -- one in Michigan and another in New Jersey -- because of slowing truck sales and weakened market conditions.           

    The company is cutting one shift at each of the plants, laying off 1,100 workers at its Orion Township plant in Michigan and 1,750 workers at its plant in Linden, N.J. Both plant shifts will be terminated April 15.   

    "GM management made the decision to align the plant's production output with current and forecasted output demand for the product built at those facilities," GM spokesman Dan Flores said Thursday.      

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    The employees at both plants were notified Thursday afternoon.    

    Both plants are final assembly plants. The Linden plant produces the Chevrolet Blazer, GMC Jimmy and Chevrolet S10 pickup. The Orion Township plant produces the Pontiac Bonneville, Oldsmobile Aurora and the Buick Park Avenue.       

    GM said it has no plans to terminate other shifts.

    GM (GM: Research, Estimates)  shares fell 43 cents to $50.77 Thursday. graphic

      RELATED STORIES

    General Motors 4Q profit sink 58% - Jan. 16, 2002

    GM raises 4Q, '02 earnings outlook - Jan. 10, 2002
      RELATED LINKS

    General Motors




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