2005 GM Restructuring
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Spring Hill to Lose ION, Wource of 1,500 Workers' Paychecks
General Motors plans to shut down production of the Saturn Ion in Spring Hill next year, but it will spend millions to prepare the plant to build different vehicles later on.
Survival at Stake, but There's No Guarantee
The General, once the archetype of American industrial might, is figuratively amputating limbs in order to save itself - one world-class plant in Ontario, two in Lansing and two more, among others, spawned in the Southern push that was supposed to guarantee GM's future.
Town Says Sad News Could Have Been Worse
A hiccup. That's how Spring Hill Mayor Danny Leverette described the economic impact that General Motors' announcement yesterday would have on the city that Saturn put on the map.
Union: Job Cuts at GM 'Unfair'
General Motors faces a difficult obstacle in its plan to cut 30,000 jobs and close nine plants in the USA and Canada by the end of 2008: its union.
Wagoner: I Won't 'Run and Hide'
The pressure is still on Rick Wagoner, but the embattled General Motors chairman on Monday may have won himself a short break from the heat. GM's plan to cut 30,000 factory jobs and close 12 facilities by 2008 is the kind of move Wall Street has wanted from Wagoner to prove he has the stomach for hard decisions needed to get the company on track.