General Motors To Idle Mexico Plant For Seven Weeks This Summer
16 Juni 2009 - 10:20PM
Dow Jones News
General Motors Corp. (GMGMQ) plans to idle its plant in San Luis
Potosi, Mexico, for seven weeks this summer to adjust for weak
demand in the Mexican and international markets, the company's
Mexican unit said Tuesday.
The plant, which produces the compact Chevrolet Aveo and Pontiac
G3, will be idled from July 1 to August 21, General Motors de
Mexico said in a press release.
A two-week summer idling period is normal, GM noted.
The company plans to use three to four weeks of the suspension
for employee training, and it will pay workers their full salary
during those weeks, a GM spokeswoman said. Employees will take
about three of the weeks off, and the company will distribute the
associated pay cut over the rest of the year.
The spokeswoman said GM's three other Mexican auto plants - in
the cities of Toluca, Ramos Arizpe and Silao - will continue to
operate as usual.
-By Paul Kiernan, Dow Jones Newswires; (5255)5001-5726,
paul.kiernan@dowjones.com