Photo: Chevrolet
General Motors has announced plans to launch a “voluntary retirement” scheme for about 6,000 workers in South Korea by March next year, as part of the company’s “ongoing efforts to enhance operating efficiency”, according to GM spokesman Park Hae-ho.
Specifically, the massive job reduction is directly related to Chevrolet’s withdrawal from Europe by the end of 2015. Since Europe is South Korea’s main export destination, with nine out of ten Chevrolets sold on the Old Continent being built in the Asian country, GM will lay-off 6,000 office workers, including about 2,200 research and design staff.
Earlier this month, GM announced it will drop Chevrolet as a mainstream brand in Europe by the end of 2015 in an attempt to revive struggling German manufacturer Opel.
However, Chevrolet will continue to sell “select iconic vehicles” such as the Corvette and the Camaro across the continent, while the company’s entire lineup will still be offered in Russia and the Commonwealth of Independent States (CIS).
Story via WPBOnline
Earlier this month, GM announced it will drop Chevrolet as a mainstream brand in Europe by the end of 2015 in an attempt to revive struggling German manufacturer Opel.
However, Chevrolet will continue to sell “select iconic vehicles” such as the Corvette and the Camaro across the continent, while the company’s entire lineup will still be offered in Russia and the Commonwealth of Independent States (CIS).
Story via WPBOnline
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