General Motors To Stop Production Of Four Plants

General Motors – the world’s largest automaker – released a statement today that they would be ceasing all production from the Oshawa, Ontario pick-up truck factory. This will cut close to 1,000 jobs.

There is belief that they will be announcing the end of two U.S. plants in Ohio and Wisconsin at the annual shareholder meeting. They are making the cuts due to the increase in gas prices and the housing slump.

This entry was posted on Tuesday, June 3rd, 2008 at 10:59 am and is filed under Businesses, News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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