GM to close 21 North American plants in four years
The restructuring plan announced by GM chairman Robert Stempel targets six vehicle assembly plants and eleven others, with Fairfax in Kansas City and Wentzville in Missouri likely spared due to their new status. Workers voiced cautious optimism amid vague details and fears for broader job security as the company aims to cut tens of thousands of jobs.
MENTIONED IN THIS ARTICLE
Josh Lemieux
Associated Press
Kansas City
Kan
General Motors Corp
Missouri
Kansas
Doyle Slinkard
Fairfax
Jerry Gorski
United Auto Workers Union
Wentzville, MO
Robert C. Stempel
Slinkard
Wentzville
Stempel
Gorski
Oklahoma City
Oshawa
Ontario
Doraville
Ramos Arizpe
Mexico
Finney budget optimistic about small cuts in school funding
Gov. Joan Finney signals optimism about the next budget with limited cuts planned. She expects a current resources proposal July 1 while noting a $150 million general fund balance and 4.4% revenue growth could avoid deep reductions. Senate chairmen warn cuts up to 4% if ending balance law remains unchanged.
MENTIONED IN THIS ARTICLE
John Hanna
Associated Press
Topeka
Joan Finney
Gloria Timmer
Timmer
Gus Bogina
Shawnee
Senate
Ways and Means Committee
GM Plans Broad Restructuring with Plant Closures
GM outlines a four year restructuring including 21 North American plant closures across vehicle, powertrain, and component lines. It details white-collar layoffs, a hiring freeze, capital spending cuts to 6.6 billion, sales of non core assets, a two week shutdown starting July 20 1992, and suspension of holiday bonuses and stock incentives. The article notes Fairfax Wentzville and Inland Fisher Guide Seat Assembly workers voicing concerns amid production plans for 1993 and ongoing contract negotiations.
MENTIONED IN THIS ARTICLE
Fairfax
Edwards
Harry Wiseman
Drummond
Wentzville
Gorski
St. Louis
Pat Johnson
O’fallon
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