GM planning more cutbacks

November 30, 1990|By Los Angeles Times

DETROIT -- The top executive at General Motors Corp. announced further sweeping cuts yesterday in December's car and truck production and painted a bleak short-term outlook for the auto industry.

Plummeting consumer confidence has undercut demand for cars and trucks, GM Chairman and Chief Executive officer Robert C. Stempel said. The cutbacks were needed, he said, to avoid being saddled with a glut of cars heading into an uncertain new year.

The accelerated retrenchment will shut down a big part of GM's U.S. and Canadian operations for the rest of the year, although company officials said they didn't yet know how many thousands of workers would be laid off.

"You can assume there's going to be a lot of downtime," a GM spokesman said.

Earlier this week GM spokesman confirmed that about 300 workers will be laid off on Jan.22 at the Baltimore plant on Broening Highway. There has be no indication so far that there will be any additional layoffs, according to Terry Youngerman, personnel director at the plant. "As far as we know, there is no change as we speak today," he said.

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