Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Somalia: car bomb outside presidential palace kills at least 10

Read more

MEDIAWATCH

Socialists complain of Macron's 'betrayal' of Hollande

Read more

THE DEBATE

France Ambassadors Conference: Hollande outlines foreign policy priorities (part 1)

Read more

FOCUS

Video: Meeting US inmates as Obama pushes for criminal justice reform

Read more

REPORTERS

From the archives: Caught in the crossfire in Colombia

Read more

ENCORE!

Video: Harlan Coben on suspense, suburbia and success

Read more

EYE ON AFRICA

Democratic Republic of Congo: Inside Camp Garlic, a stronghold of ADF militia

Read more

IN THE PAPERS

Rousseff defends her track record

Read more

Business

GM again temporarily closes plants in Mexico

Latest update : 2009-05-16

Struggling US auto maker giant, General Motors has decided to temporarily close three of its Mexican plants for two months, according to media. The plants had already been shut down for several weeks in December, January and February.

AFP - Struggling US automotive giant General Motors will temporarily close three of its Mexican plants in May and June, local news media reported Friday.
  
The move is due to GM's excessive inventory, and not a preparation for possible bankruptcy, Mauricio Kuri, GM's public relations chief in Mexico, told the daily Reforma.
  
GM closed the same plants for several weeks in December, January and February, Reforma reported on its website late Friday.
  
The Silao complex will be closed from May 25 to June 10, the Ramos Arizpe plant will close May 18-22, and the San Luis Potosi plant will shutter June 1-12, Reforma reported.
  
The workers will use vacation days for the time the plants are closed, and if they run out of them, they will be paid 55 percent of their regular pay, Kuri told the newspaper.
  
The temporary closure affects 7,900 of GM's 13,000 employees in Mexico.
  
In the United States, General Motors announced plans to shrink its dealer network 40 percent, cutting some 2,300 sales outlets by the end of 2010, under a stepped-up effort to prove viability and avert bankruptcy.

Date created : 2009-05-16

COMMENT(S)