MSNBC: GM preparing to close most U.S. factories for up to nine weeks this summer, AP reports

No link on MSNBC yet.

OMG...as a contractor to GM, my husband has already taken a 15% pay cut in the last two months. :scared:

"DETROIT (AP) -- Two people briefed on the plan say General Motors Corp. will close most of its U.S. factories for up to nine weeks this summer because of slumping sales and growing inventories of unsold vehicles.

The people did not know exactly when the shutdowns would occur, but both say they will include the normal two-week closure in July to change from one model year to the next. Neither person wanted to be identified because workers have not been told of the shutdowns.

GM spokesman Chris Lee would not comment other than to say the company notifies employees before making any production cuts public.

GM is living on $13.4 billion in government loans and faces a June 1 deadline to restructure or seek bankruptcy protection."

http://www.ksdk.com/news/local/story.aspx?storyid=173298&catid=40

I think it usually closes for 2 weeks.

http://www.freep.com/article/20090422/BUSINESS01/90422098/GM+to+shut+most+U.S.+plants+for+up+to+9+weeks++sources+say

GM to shut most U.S. plants for up to 9 weeks, sources say
BY TOM KRISHER • ASSOCIATED PRESS • APRIL 22, 2009


Two people briefed on the plan say General Motors Corp. will close most of its U.S. factories for up to nine weeks this summer because of slumping sales and growing inventories of unsold vehicles.

The people didn’t know exactly when the shutdowns would occur, but both say they will include the normal two-week closure in July to change from one model year to the next. Neither person wanted to be identified because workers have not been told of the shutdowns.

GM spokesman Chris Lee would not comment other than to say the company notifies employees before making any production cuts public.

GM is living on $13.4 billion in government loans and faces a June 1 deadline to restructure or seek bankruptcy protection.

http://www.msnbc.msn.com/id/30353861/">GM preparing to close most U.S. factories for up to nine weeks this summer