Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

France's Plan to Tackle Racism

Read more

THE WORLD THIS WEEK

Marine Le Pen and Thomas Piketty in Time magazine's power list; EU takes on Google; Gunter Grass dies (part 2)

Read more

THE WORLD THIS WEEK

Deadly Crossing: Migrants desperate to reach Europe; Abadi in Washington (part 1)

Read more

EYE ON AFRICA

Xenophobic attacks in South Africa: anti-violence marches and anti immigration protest

Read more

FRANCE IN FOCUS

French PM outlines action plan against racism, anti-Semitism

Read more

REPORTERS

Turkey’s hidden Armenians search for stolen identity

Read more

REVISITED

Families of slain Marikana miners still demanding justice

Read more

#TECH 24

Europe vs. Google: EU accuses search giant of market dominance abuse

Read more

#THE 51%

Women in America: Land of the free, home to the less-paid

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)