GM Holden To Halve Shifts At Adelaide Assembly Plant
03 April 2009 - 2:40AM
Dow Jones News
General Motors Corp. (GM) is to halve shifts at its Elizabeth
assembly plant in Adelaide, GM Holden Chairman and Managing
Director Mark Reuss said Friday.
"We are going to move from a two shift set of production here at
Elizabeth to a two crew single shift with no redundancies or
retrenchments," he told Australian Broadcasting Corp. radio.
Reuss said workers had been advised of the changes, made in
response to the global financial crisis that he said had seen
decreases in export markets of up to 80% for some products.
Despite the slowdown, GM Holden has managed to maintain low
inventory levels and will be continuing to produce V8 vehicles,
Reuss said.
-By Alex Wilson, Dow Jones Newswires; 61-3-9292-2094;
alex.wilson@dowjones.com