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General Motors Shows It's Serious About Strengthening Cadillac by Using Layoffs
2014-12-10 22:23:27| Automakers - Topix.net
The layoff reduces to two shifts from one the work force building Cadillac ATS and CTS models in a move to shrink the output of those models, whose inventory has been swollen due to slow sales. With less output, GM's revenue surely will take a hit, but the longer-term objective is to strengthen Cadillac's pricing by reducing the discounts that once were GM's preferred method for shrinking inventory.
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Category:Automotive