The business world is all up in arms over yesterday’s announcement by GM that the company will lay off 30,000
workers and close nine plants. We’ve scoured the internet to find some additional stories of how the industry, the
markets and people in general are reacting to the news, specifically those affected by it most – the workers.
Note – there’s been of flood of articles by media outlets on how plant closings will affect small communities, we
chose one from ABC News about how the impact of closing a production line at Saturn’s Spring Hill, TN plant will affect
the locals there.
New York Times
Mix of Shock and Resignation on GM Shop Floors Set to Close
ABC News
GM Plant Closing Has Impact on Tenn. Town
CBC News, Canada
GM cutting over 3,600 jobs at Canadian plants, 30,000
across North America
Star Tribune
Twin Cities dealers find hope in GM’s plans
BusinessWeek
Stocks
drift higher despite GM, oil
Associated Press
GM moves to cut costs do little
to assuage investors
Reuters