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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Dec 19, 1986
Page
18
GM announces temporary layoff of 24,300 assembly workers across six states due to slow sales and high inventories. Indefinite layoffs of 5,100 workers and production cuts add to prior cost-saving measures after a $338 million Q3 loss. Plant closings run Dec 24 to Jan 5. many models see steep sales drops without incentives.
The last Chevette rolls off the General Motors Lakewood plant line on Atlanta’s south side ending an era for GM small cars. About 2,100 Lakewood workers will be laid off for retooling to build the full size Caprice. Production cuts and layoffs extend to several GM plants nationwide with about 29,100 workers on indefinite layoff by February.
Over the counter quotations courtesy of Baker Watts Co Frederick office 2448 list area interest stocks.
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