GM Holden Ltd. is cutting 200 jobs at its Fishermans Bend engine facility. Workers at the Australian auto maker’s plant in the state of Victoria have been told they have two weeks to submit to voluntary layoffs. A GM Holden spokeswoman says the job cuts are due to a slowdown in demand for the Family II 4-cyl. engines exported to South Korea. “There has been a drop in demand from one of our export customers from 750 engines a day to 500,” she says in a published report. “There is a need ...
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