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Tuesday, November 22, 2005

GM News Doesn't Cut Quite as Deeply as Feared in Michigan

The Detroit News reports on General Motors' bombshell that it will cut 5000 additional jobs (30,000 total) and close nine North American plants by 2008 (MI plants in Lansing, Flint and Ypsilanti). Even though the state is home to 65% of the GM's production, just 10% of the jobs lost will be in Michigan. Flint is expected to be hardest hit and is also facing the loss of Delphis Flint East plant.

Also see GM's big shakeup from CNN Money
And read General Motors restructuring takes some by surprise in Michigan in the Detroit News

Read More (external link) »

# posted by farlane @ 9:53 AM
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