Employment News
General Motors to Shut Down 1,100 Dealerships
By Erik Even | Dated: 05-15-2009
Bankrupt automaker General Motors has notified the owners of 1,100 US dealerships that their franchise agreements will not be renewed when they expire in 2010.GM wants to eliminate 2,600 dealerships, or 40% of their US sales locations, by December 2010. The Big Three automaker has not released a list of the dealerships affected.
The notification letters contain allegations that the affected dealerships failed to meet franchise requirements.
Another 535 dealerships will leave GM when the automaker sells its Hummer, Saab and Saturn brands, and phases out the Pontiac brand.
GM expects to lose 500 more dealerships through natural attrition this year.
Career Connect (From our other career blogs):
- Employment News (Sponsored by EmploymentSpectator)
- Following Your Passion-Literally! (Sponsored by iamnotastalker.com)
- Job Search Advice from the CEO of TravelingCrossing (Sponsored by aharrisonbarnes.com)
- Layoff News (Sponsored by LayOffWatch)
Testimonial of the Week
EmploymentCrossing was helpful in getting me a job. Interview calls started flowing in from day one and I got my dream offer soon after.
- Jeremy E Greenville, NC
Sign Up now
Only TravelingCrossing consolidates every job it can find in the domain and puts all of the job listings it locates in one place.
- We have more jobs than any other job board.
- We list jobs you will not find elsewhere that are hidden in small regional publications and employer websites
- We collect jobs from more than 4,429,376 websites and post them on our site.
- We are private, and therefore far fewer people are applying for the jobs on our site than are applying for those on public job boards.
