General Motors' Australian unit cuts 1,400 jobs

Newswire

MELBOURNE, Aug 26 (Reuters) - The Australian unit of U.S.-based car maker General Motors Corp. said on Friday it would cut 1,400 jobs at its South Australian plant due to increased import competition and a tougher export outlook. General Motors Holden Managing Director Denny Mooney said the company would no longer operate a third shift at the plant and would gradually reduce daily production to 620 cars from 800 cars. "Changes in commodity prices, exchange rates, car market trends, ...

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