The repercussions are starting to be felt following the Japanese disaster, and the latest news is in the auto industry. GM cuts have been announced to stop any spending they state as “unnecessary”, which will be felt companywide.
There will be a shortage of parts that General Motors needs following the tsunami and earthquake in Japan, and this is why GM released news about their cuts to counter the financial implications. This is a smart move to avoid any future problems, which should be avoided considering the financial trouble the automakers have felt in recent years.
GM plans cuts in jobs and a number of other resources, these include running limited shifts at select plants, and temporarily closing the Zaragoza plant in Spain. The United States will see a pickup plant in Louisiana affected, which will see production halted.
You can read more about the above cut backs here, and the official GM media pages show the latest news about cost saving taking place. The latest release shows GM’s statement on the impact of Japan’s earthquake.
You can keep up on more auto related news in our auto section. Will you be hit by the latest General Motors cuts?