GM laying off people and closing plants
I’ve been highly critical of our automotive industry for a long time. Over the last two or three years, all we’ve heard from General Motors, Ford Motor Company and Chrysler is whining about health care premiums. ”We simply cannot be competitive paying these pensions and premiums.” It would have been nice had any of those companies embraced the American people and their workers…if those companies had tried seriously to invest in a truly new line of automobile. It would’ve been interesting if in 2000 or 2001, General Motors poured everything into hybrid technology. I wonder where we would be today. Unfortunately, they didn’t. The big three made minivans and SUVs.
So after taking $24 billion from us, General Motors will be closing one of their oldest plants. It is just terribly sad.
From AP:
GM’s efforts to hoard cash and outlast a prolonged economic slump claimed the jobs of more than 2,700 workers Monday as the automaker announced the demise of factories in Michigan and Wisconsin.
GM said it would shut down a metal stamping factory in the Grand Rapids suburb of Wyoming by the end of next year, and they are also speeding up the closure of their sport utility vehicle plant in Janesville, Wisconsin, with most of that facility shutting down Dec. 23. (more…)
