General Motors (GM) Cuts Venezuela Workforce By 13%; Ford Halts Output
Bad news for the workforce in Venezuela especially for those who are working at GM as the company is looking at cutting down its workforce by 13%. The move by GM to cut off some of its workforce comes as no surprise given the economic environment in Venezuela.
General Motors (GM) is not the only car manufacturers to close shop or lay off some of its workers given the recent developments in the country’s economy. For instance, American car manufacturer Ford has already halted productions in the company stating shortage of hard currency as well as the company’s inability to acquire parts much more easily.
According to Christian Pereira, a president of Venezuela’s Federation of Unions that actually represent the auto workers, “Two weeks ago, 446 General Motors workers were dismissed.” She goes on to add that, “The company said production is slowing and auto parts for assembly are nearly impossible to obtain.”
When reached for comment on the new developments a General Motors de Venezuela representative declined to give any feedback. Pereira also goes on to state that as for Ford, its assembly plant has now been halted a period of two weeks now.
Other car manufacturers which have also set base in Venezuela and are set to be affected by the economic shape in the country include Toyota Motor Corp, Fiat Chrer,, Mitsubishi, Mack which is owned by Volvo and the Iveco which is currently being owned by Italy's CNH Industrial.