G.M. to Cut 30,000 Jobs and Close Some Factories

By MICHELINE MAYNARD
Published: November 21, 2005
DETROIT, Nov. 21 - General Motors, battling to stem its losses and stave off global competitors, said today that it would cut up to 30,000 jobs and close all or part of 12 facilities over the next three years.


Among them are G.M.'s Saturn plant in Spring Hill, Tenn., once known for its unusual labor-management cooperation, and its car plant in Oshawa, Ontario, another symbol of the company's efforts to improve its efficiency.

But those plants, and the others involved in the G.M. announcement today, cannot escape the company's declining financial condition. Over the last year, G.M. has been hit by billion-dollar losses, and its market share has slid to near-record lows.

All together, the restructuring would reduce the company's costs by $7 billion a year by the end of 2006, $1 billion more than its previous target. That translates to about a sixth of G.M.'s annual corporate spending of $42 billion a year.

http://nytimes.com/2005/11/21/business/21cnd-gm.html?hp&ex=1132635600&en=8a17583b3d873286&ei=5094&partner=homepage

By by Superpowers.. Kriptonite comes from China.

Half of my family either works for GM or draws a pension from them (I'm from Michigan) Fuck fuck fuck.

I read the article, but does anyone know if there is a list of all of the plants they're closing? I'm most interested in the Truck & Bus plant in Pontiac, Michigan.