How Is GM Being Affected by the Egypt Turmoil?
GM stopped operations Thursday, along with several other firms attempting to take security precautions for their employees, though the automaker reopened its production plant near Cairo while maintaining that it was monitoring the situation closely, Reuters reports.
The violence has not slowed in Egypt, where 25 people were killed in an ambush Monday. Former Egyptian leader Hosni Mubarak was acquitted Monday on corruption charges, an action that is likely to stir up further unrest in a country adamantly divided over the fate of its rulers.
CNN reports that 900 people have been killed in the last week.
Thus, GM and other companies are trying to find the sensitive divide between protecting their employees and running their businesses efficiently.