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Gillett Evernham latest team to cut workforce
Over the last week, GEM released 65 employees between its Nationwide Series team and engine shop. Due to a downturn in the economy and the inability to secure sponsorship, GEM was forced to cease operation of its NNS team on Tuesday.
GEM is still in open discussions with Petty Enterprises regarding a possible merger. However, the option of Petty Enterprises not leasing engines in the future led to the company's decision to downsize its engine department by nearly half.
The organization will continue to employ nearly 300 workers at its Statesville, N.C. facility and field three teams in the Sprint Cup Series with drivers Kasey Kahne, Elliott Sadler and Reed Sorenson, who will join the team from Chip Ganassi Racing in 2009.
Since the end of the season, several teams have cut their workforce, including Hendrick Motorsports, Wood Brothers Racing, Hall of Fame Racing, Petty Enterprises, Dale Earnhardt Inc. and Furniture Row Racing among others. Ganassi Racing, which joined forces with DEI at the end of the season, also ceased operation of their Nationwide Series team this offseason.
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