Getting your player ready...
Pontiac, Mich. – General Motors Corp. said Tuesday that it will hire nearly 300 workers and invest $545 million in five Michigan plants, which is good news for the automaker’s home state, but still only a fraction of the 30,000 jobs GM is shedding nationally by 2008 in a broad restructuring.
GM’s home state has lost an estimated 130,000 auto-manufacturing jobs in the past five years. As a whole, GM has let go more than 27,000 workers since 2000 amid mounting competition and rising costs for health care and pensions.
A big chunk of the investment – $163 million – will go to GM’s Pontiac Assembly Center, which makes the Chevrolet Silverado and GMC Sierra pickups, GM spokesman Dan Flores said.
