General Motors Announces Layoffs, Closing Plants - KLTV.com - Tyler, Longview, Jacksonville |ETX News

6/7/05

General Motors Announces Layoffs, Closing Plants

A big announcement by General Motors. The world's number one automaker plans to cut 25,000 jobs and close an unspecified number of plants over the next 3-1/2 years.  CEO Rick Wagoner also tells shareholders, the company plans to buy more components from suppliers outside the United States. General Motors says the changes stem from huge losses in recent years.
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