AP news alert on it being officially announced.
By TERRY BOX / The Dallas Morning News
tbox@dallasnews.com
General Motors officials informed workers at the Arlington assembly plant this morning that the plant will close May 11 for a nine-week period because of bloated car and truck inventories.
The 2,400 workers at the plant will return to work on July 13, said Enrique “JR” Flores Jr., president of United Auto Worker Local 276.
GM is closing most of its factories for nine weeks as slow sales in the auto industry persist. Industry sales were down 38.6 percent last month, the sixth straight month for falling sales.
http://www.dallasnews.com/sharedcontent/dws/news/localnews/stories/0424dnbusgmclosings.1032ca034.htmlThe automaker will reportedly close most of its plants in the United States for several weeks.
Wired PR News – General Motors is reportedly planning to temporarily close most of its plants in the US during the summer. As reported by the Associated Press (AP), the automaker giant will close the plants for up to nine weeks due to declining sales and an increase in inventories of a number of vehicles that are not being sold, according to sources related to the company.
As noted in the report, the temporary shut down could lead to the layoffs of thousands of GM workers. Jim Gillette, CSM Worldwide financial services director, is quoted as stating of the impact General Motors’ situation could have on suppliers, “It’s one of those things we’ve been dreading for a long time… It’s as bad as its ever been.”
General Motors is currently facing a government imposed restructuring deadline for June 1. As noted in the report, the company’s CEO has stated that failure to meet the deadline may result in its filing for bankruptcy
http://www.wiredprnews.com/2009/04/23/gm-plans-to-close-plants-temporarily_200904233333.html