Volkswagen officials in Chattanooga say they're cutting about 500 jobs
from the plant in the wake of slower growth in the Passat that is made in the
Frank Fischer, who heads VW's Chattanooga operations, said the jobs will be cut from the Aerotek contract workforce the automaker has used.
After the cuts, the plant will have about 2,800 workers.
Fischer said the company still expects to sell more Passats in 2013 than last year, but the rate of growth has slowed.
He said the entire midsize sedan segment of the market has braked so far this year, while sales of trucks and sport utility sedans have risen.
Fischer said that the plant has about 650 contract workers. He said the plant workers will lose their jobs at the end of May but be paid until the end of June.
Most Popular Stories
- Americans Still Pessimistic Despite Economic Growth
- GE Capital and Petters-Related Fund in Legal Battle
- California Conservation Conundrum: Water Use Varies Greatly Across State
- Even With Surly 2014 Electorate, It's 'Still an Incumbent's World'
- Combating Online Abuse Not Easy for Gamers
- Detroit Raced Toward this Week's Bankruptcy Trial
- Feds Want Nuclear Waste Train, but Nowhere to Go
- New Hershey's Logo Revealed
- Obama on Labor Day: Don't Take Rights for Granted
- Nintendo Launching 'Amiibo' Toy-game Franchise