DETROIT - General Motors’ decision to shut down 13 assembly plants for up to 11 weeks this summer will disrupt far more than the lives of nearly 24,000 workers, rippling out to damage part suppliers, local businesses and state economies.
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The decision is expected to lead to thousands more layoffs and temporary factory closures as GM works out its schedules for engine, transmission and parts stamping factories.
That’s bad new for Lordstown, Ohio, where GM operates side-by-side assembly and stamping plants, which account for about 70 percent of the village’s annual $4 million municipal budget, Mayor Michael Chaffee said. Suppliers and spin-off businesses add another 5 percent in the community of 3,800.
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The GM work force helps support convenience stores, service stations, bars and restaurants, the mayor said. “That trickles down into many aspects of our local economy so business owners may take a hit. It’s not just about those employees or that plant.”
http://www.msnbc.msn.com/id/30372299/