Mexican Media Brands
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.
#marketing #workforcedevelopment
Share
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.
RELATED CONTENT
-
Report: GM Wants Limit on Where PSA Could Sell Current Opel Models
General Motors Co. has set as a term of the impending sale of its Opel unit to PSA Group a ban on marketing Opel’s current models in China, North America or Russia, according to Der Spiegel, which cites no sources.
-
Germany Orders Tesla to Drop “Autopilot” Marketing Term
Germany’s Federal Motor Transport Authority (KBA) has demanded that Tesla Motors Inc. stop using the term “Autopilot” in its advertising to describe the semi-autonomous driving feature in its electric cars, Bild am Sonntag reports.
-
PSA Could Begin Selling Opel Models Outside Europe in 2018
PSA Group says it could begin marketing certain Opel-brand cars outside Europe as soon as next year under terms of its acquisition of the company from General Motors Co.
