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Automaker Will Also
Close Plants to Re-Energize North American Unit
By Amy Joyce Washington Post Staff Writer Wednesday, June 8, 2005; D01 General Motors Corp. announced yesterday that it will eliminate 25,000 jobs by 2008 and close an unspecified number of plants to trim costs and reinvigorate its North American auto business. GM chairman and chief executive G. Richard Wagoner Jr. said at the company's shareholder's meeting yesterday in Wilmington, Del., that the closings and job cuts should save about $2.5 billion a year. GM now employs 110,000 hourly workers in the United States. "The most challenging and important operating issue we face is getting GM North America, our biggest business unit, turned around and back into a profitable position," Wagoner said.
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