General Motors is placing nearly a third of workers at its western New York engine plant on an indefinite layoff, saying it needs to align production with consumer demand.
The GM Powertrain plant has about 1,130 hourly employees.
In a statement Tuesday, GM spokeswoman Nina Price cited the overall weak economy and said GM is continuing to monitor changes in the market.
The layoffs take effect Jan. 26.
Source : Newsday
[tags : recession bankrupt collapse retrenchment financial news collapse stagnation economic slowdown financial collapse world recession global recession layoff job cut]
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