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Lordstown among those facing production cuts
By Don Shilling
The Vindicator
Published on Tuesday, Nov 25, 2008
General Motors is cutting production at Lordstown and four other factories as the domestic automakers consider much larger changes in their fight for survival.
The changes include the end of the ''jobs bank,'' which pays workers who are laid off, and cuts in executive compensation and benefits, analysts said.
The automaker said Friday it is canceling a week of production in January at four plants including Lordstown, which makes the Chevrolet Cobalt and the Pontiac G5, and moving up the closing of a truck plant in Oshawa, Ontario. On the other hand, GM added a week of production at a van plant and reinstated some overtime that previously had been taken away at four other plants.
GM canceled production the week of Jan. 5. Production already had been eliminated for the week of Jan. 12, so workers won't return from their Christmas break until Jan. 20. The last workday of 2008 is Dec. 23.
Workers will get holiday pay for the first two weeks, then go on layoff.
GM also said Friday that overtime production on Saturdays has been eliminated at the Lordstown complex for the rest of the year.
GM previously said it was slowing down the assembly line in January so fewer Chevrolet Cobalts and Pontiac G5s are produced. About 1,060 hourly workers are being laid off and 40 salaried jobs are being eliminated.
Both the United Auto Workers and automakers will have to persuade congressional leaders that they are sacrificing in order to receive taxpayers' money, said John Wolkonowicz, an analyst with Global Insight in Lexington, Mass.
Top on the list is the elimination of the jobs bank, Wolkonowicz said.
''Either that is gone or the auto industry is gone,'' he said.
When UAW autoworkers are laid off, they receive a combination of unemployment benefits and supplemental pay from their employer for 48 weeks. If they remain laid off beyond that, they move to the jobs bank, where the company provides about 95 percent of their pay and benefits.
General Motors is cutting production at Lordstown and four other factories as the domestic automakers consider much larger changes in their fight for survival.
Get the full article here.
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