Tuesday, February 14, 2006
GM to Invest $545M in Five Mich. Plants
Yahoo Finance!
General Motors Corp. said Tuesday that it will hire almost 300 workers and invest $545 million in five Michigan plants.
While the news was good for GM's home state, which has lost an estimated 130,000 auto manufacturing jobs in the last five years, the investment is dwarfed by the struggling automaker's restructuring plan, which calls for shedding 30,000 jobs nationally by 2008.
General Motors Corp. said Tuesday that it will hire almost 300 workers and invest $545 million in five Michigan plants.
While the news was good for GM's home state, which has lost an estimated 130,000 auto manufacturing jobs in the last five years, the investment is dwarfed by the struggling automaker's restructuring plan, which calls for shedding 30,000 jobs nationally by 2008.
