Sunday, March 4, 2012

GM TO SHUT PLANTS IN TEXAS, OHIO.(Business)

Byline: Frederick Standish Associated Press

General Motors Corp. will close assembly plants in Texas and Ohio and lay off at least 10,000 white-collar workers next year in a move to reverse record North American losses, a newspaper reported today.

GM will shut down plants in Arlington, Texas, and Moraine, Ohio, ending weeks of speculation about how the automaker would offset slumping sales, the Detroit Free Press reported.

As many as 15,000 white-collar jobs could be eliminated, the newspaper said, citing sources it didn't name.

GM Chairman Robert Stempel planned to disclose the cutbacks to employees in a satellite broadcast and at a news …

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