By: SANTAN SANTIVIMOLNAT
Struggling GM Thailand will temporarily shut its plant in Rayong again from March 23-27 to address excessive inventory due to a demand slump. The plant will resume operations on March 30. The company earlier closed its Rayong plant for two months from December last year due to the deepening economic crisis and the need to manage cash-burn.
In its statement yesterday, the firm said the current economic situation impacted all industries and the effect was global in nature. It needed to restructure its operations as the demand for big-ticket items such as automobiles had fallen dramatically.
GM is committed to the Thai market, is self-sustainable and believes the merits of its projects to Thailand are clear and compelling. Laying off workers is always the last option, and the decision to force any employee to resign is objective and based on strict criteria. At no time has favouritism or personal judgment played a part in the decision-making process.
If employees are forced to resign or resign voluntarily, this is inevitable due to the decline in demand for auto products which has significantly lowered GM Thailand's production output.
''Contrary to some inaccurate reports, currently we do not have any further plans to lay off workers,'' it said.
It also denied reports that GM Thailand and Chevrolet Sales Thailand (CST), its affiliate and marketing arm in Thailand, were on the brink of bankruptcy.
Source: Bangkok Post
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