vettejack
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Kentucky Corvette plant makes layoffs
Posted: March 26, 2009 04:20 PM EDT
Updated: March 26, 2009 04:20 PM EDT
Related Video: VetteTube - Corvette Videos, Corvette Crashes, Corvette Burnouts, Corvette Racing
BOWLING GREEN, KY (CBS) - Employees at the Bowling Green, Kentucky Corvette plant are being hit again by more production shut-downs, layoffs and restructuring at General Motors.
Despite the sports car's popularity, it's not translating into sales. Demand has dropped by fifty percent over the past year.
As the company looks at economical ways to produce cars, assembly lines at the Corvette plant will shut down three times this spring for two weeks at a time. It was already closed for two months at the start of the year.
This means some employees will be off the job for 6 weeks, while others will be off for good. In addition to about 130 indefinite layoffs, the plant plans to cut another 110 workers throughout the year.
Despite the production reduction, company manager Paul Graham says he's encouraged by die-hard Corvette lovers who continue to buy the product during this economic crisis.
Now my .02 worth...............
This will surely lead to the lowest production year since 1997. If I understand the numbers right from a few sources, fewer than 9000 Corvettes have been built for the 2009MY. Any confirmation from other sources would be welcomed and solicited!
Too bad its takes an recession to mess up production instead of a limited run to increase collectibilty! :hehehe:
Poor guys on the line...it just never seems to end for them. :nonod:
As for the buyer of a 2009 Corvette...this could be the one MY to hold on to, especially if the options chosen become some of the rarest to date purchased! :thumbsup:
Posted: March 26, 2009 04:20 PM EDT
Updated: March 26, 2009 04:20 PM EDT
Related Video: VetteTube - Corvette Videos, Corvette Crashes, Corvette Burnouts, Corvette Racing
BOWLING GREEN, KY (CBS) - Employees at the Bowling Green, Kentucky Corvette plant are being hit again by more production shut-downs, layoffs and restructuring at General Motors.
Despite the sports car's popularity, it's not translating into sales. Demand has dropped by fifty percent over the past year.
As the company looks at economical ways to produce cars, assembly lines at the Corvette plant will shut down three times this spring for two weeks at a time. It was already closed for two months at the start of the year.
This means some employees will be off the job for 6 weeks, while others will be off for good. In addition to about 130 indefinite layoffs, the plant plans to cut another 110 workers throughout the year.
Despite the production reduction, company manager Paul Graham says he's encouraged by die-hard Corvette lovers who continue to buy the product during this economic crisis.
Now my .02 worth...............
This will surely lead to the lowest production year since 1997. If I understand the numbers right from a few sources, fewer than 9000 Corvettes have been built for the 2009MY. Any confirmation from other sources would be welcomed and solicited!
Too bad its takes an recession to mess up production instead of a limited run to increase collectibilty! :hehehe:
Poor guys on the line...it just never seems to end for them. :nonod:
As for the buyer of a 2009 Corvette...this could be the one MY to hold on to, especially if the options chosen become some of the rarest to date purchased! :thumbsup:
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