We’re interested in telling you that there might be some decrements in the sales of autos in the year of 2017. Yes, this is something you can expect from the layoffs of one of the well-known motors company. GM has decided to lay off more than half of its employees. Why is it so? Decrease in the sale of autos!
In all, General Motors will cut about 3,300 jobs at their three plants in United States!
People dealing in the automobile industry should take this as an early alarm for their business. They should try to modernize their business model.
Here are the Small Business Ideas for Men in 2017
GM has enjoyed a very sustained recovery since its 2009 big bankruptcy and federal bailout, posting a huge record earnings and steadily increasing sales. But sales are highly expected to fall in 2017 for the first time since the crisis. Sales through November, 2016 are down about 3% from the same period last year.