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GM Expands Michigan Layoffs to 450 Employees

Maker adds 100 more workers to previously announced action.

by on Dec.09, 2014

GM is laying off 450 workers at its Lansing Grand River plant in Lansing, Michigan, in January.

General Motors is expanding a previously announced layoff at a plant in Lansing, Michigan, by 100 people to a total of 450 employees. The layoffs, however, will be temporary.

The cuts are expected to come in January at the automaker’s Lansing Grand River plant, which makes the Cadillac ATS and CTS. Sales of the two models have been sluggish for several months and GM is cutting production to better match up with low demand.

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The initial layoffs were announced in early November as part of two sets of layoffs. The other was at the company’s Orion Assembly plant in Orion, Michigan, north of Detroit, where they idled 160 workers. (more…)

General Motors Laying Off 510 Workers

Drop in small car demand due to low gas prices forces cuts.

by on Nov.12, 2014

GM is laying off 350 workers at its Lansing Grand River plant in Lansing, Mich. However, they may be recalled when Camaro production is moved there next year.

The low gas prices that have benefitted sales of full-size pickups and SUVs has also cut demand for small cars and as a result forced General Motors to lay off 510 hourly workers at two plants in Michigan that produce small cars.

The average price for a gallon of gasoline is now $2.923 cents per gallon, according to the AAA Daily Fuel Gage as the price of gasoline dropped by almost a penny. Last month, Americans were paying $3.208 cents per gallon. The prices are part of the reason buyers are finding their way back to trucks, crossovers and SUVs, which is resulting in more production capability than demand at the sites.

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The automaker is laying off 350 employees at its Lansing Grand River Assembly facility in January and 160 more at its Orion Assembly plant. The two sites produce a variety of small cars, including Cadillac ATS and CTS in Lansing and the Buick Verano and Chevy Sonic in Orion. (more…)

GM Offering New Round Of Buy-Outs

First since ’09, follows new hirings.

by on Dec.15, 2010

GM may be hiring at some plants - the Chevy Volt line shown here - but it is about to begin a new round of buyouts elsewhere.

General Motors is offering buyouts to approximately 2,000 skilled tradesmen from 14 plants that have closed during the company’s restructuring.

The automaker will pay eligible workers $60,000 to retire with full benefits. Younger workers will have the option to take the $60,000 in exchange for giving up retiree health care and other benefits.

However, many of the skilled tradesman have taken work in auto plants after enduring the ups and downs in the boom and bust of the construction industry. They have already passed up several earlier buyouts and the number of employees interested in accepting the package is uncertain.  But GM is apparently counting on the pressure of impending contract changes that could reduce eligibility for supplemental unemployment benefits.

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The UAW agreed to eliminate the so-called Jobs Bank last year when the company went through bankruptcy. That program essentially provided a check for those idled by a plant closure or other cutbacks until appropriate new work could be found.

If more workers do accept the offer, however, the buyout could add to GM’s unfunded pension liabilities, which GM CEO Dan Akerson recently pegged at $10 billion dollars.

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Q&A: GM Chairman Fritz Henderson

“A fervent desire” to pay back taxpayers for bailout.

by on Nov.05, 2009

General Motors CEO Fritz Henderson is out to prove the critics wrong and pay back the billions in bailout money loaned by the U.S. Treasury.

General Motors CEO Fritz Henderson is out to prove the critics wrong and pay back the billions in bailout money loaned by the U.S. Treasury.

October proved to be an unexpectedly good month for General Motors, the carmaker posting its first year-over-year U.S. sales increase since early 2008.  In fact, things are looking notably better than the company anticipated when it emerged from its lightning dash through bankruptcy mid-year, said CEO Fritz Henderson.

But it’s also been a time of challenges and sudden, unexpected twists and turns, as was underscored by the GM Board’s decision to back out of the planned sale of a controlling interest in the German-based Opel subsidiary.

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Those are some of the subjects Henderson touched on during a breakfast hour meeting at GM headquarters in the Detroit Renaissance Center, today.  But the conversation also touched on a subject that clearly motivates the executive as he plans for the automaker’s hoped-for revival: paying back the tens of billions of dollars provided GM by the U.S. Treasury in an unprecedented bailout.

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