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GM May Cut 1,100 Jobs in Korea
General Motors Co.'s decision to stop marketing its Chevrolet brand in Europe next year may eliminate one shift and 1,100 jobs at its assembly plant in Gunsan, South Korea, according to Reuters, which cites an unidentified source.
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General Motors Co.'s decision to stop marketing its Chevrolet brand in Europe next year may eliminate one shift and 1,100 jobs at its assembly plant in Gunsan, South Korea, according to Reuters, which cites an unidentified source.
Last month Reuters reported that GM was preparing to offer buyouts to 6,000 salaried workers in Korea.
Korea supplies most of the Chevrolet cars GM sells in Europe. The Gunsan factory, which current makes the Cruze sedan and Orlando small SUV, has capacity to build 260,000 vehicles per year. The facility currently employs 1,700 full-time and 500 temporary production workers.
Reuters' source says GM expects to make only 100,000 vehicles at Gunsan this year, with output climbing to 120,000 units in 2015.
In August the news service cited sources who said GM is reassessing its Korea strategy because of the country's militant unions and rising labor costs. Korea currently accounts for about 20% of GM's global production.
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