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GM Plant Closures Will Hit MI Hard

Posted in June 1st, 2009
by hallslug in Big Three, Detroit, Economy, IBEW Jobs, Michigan, Middle Class, Unemployment

GM Plant Closures Will Hit Michigan Hard
General Motor Corp. is drastically shrinking its footprint in Michigan, closing another six factories by the end of next year. The company announced the names of the 11 plants that will close by the end of next year — and a 12th that will close in 2011.
GM will close [...]

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GM Files Bankruptcy

Posted in June 1st, 2009
by hallslug in Big Three, Detroit, Economy, Michigan, Unemployment, Unions

GM Filed Ch. 11 Bankruptcy This Morning
NEW YORK (CNNMoney.com) — General Motors filed for bankruptcy protection early Monday, a move once viewed as unthinkable but became inevitable after years of losses and market share declines that were capped by a dramatic plunge in sales in recent months.
In the end, even $19.4 billion in federal help [...]

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GM Filing Bankruptcy Monday

Posted in May 29th, 2009
by hallslug in Big Three, Detroit, Middle Class

GM Filing Ch. 11 Bankruptcy Monday in New York
General Motors Corp. president and Chief Executive Officer Fritz Henderson will hold a mid-day news conference from the GM Building in New York on Monday, the day the 100-year-old automaker is expected to file Chapter 11 bankruptcy.
GM, which has lost nearly $90 billion since 2005, is expected [...]

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GM to Idle 20 Plants, 6 in MI

Posted in December 13th, 2008
by hallslug in Big Three, Economy, IBEW, Michigan, Middle Class, Unemployment

GM Plans to Idle 20 Plants, 6 in MI
DETROIT — General Motors Corp., awaiting word on whether the auto industry will get emergency federal aid to stay afloat, will temporarily idle 20 plants across North America and slash production early next year to adjust to plummeting vehicle sales.
The temporary closures are unprecedented in scope. When [...]

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Bailouts for Bankers but Nothing for U.S. Automakers and Their Employees?

Posted in November 29th, 2008
by hallslug in Big Three, Economy, IBEW, Middle Class, Politics, Slug Notes

Bailouts for Bankers but Nothing for Detroit Automakers?
This is the part of our nation’s surreal economic crisis that seems particularly surreal:
The US auto industry, which employs 3 million Americans in auto plants, parts and supplier networks and dealerships nationwide is broadly understood as being essential to maintaining America as an industrial force.
It’s financial collapse, which [...]

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