NewsMine — economy — united-states — 2004 — 2004-oct-nov — Viewing Item

Gm to close baltimore plant 2005 { November 16 2004 } Original Source Link: (May no longer be active)    http://www.baltimoresun.com/business/nationworld/wire/sns-ap-gm-plant-closure,1,2233351.story http://www.baltimoresun.com/business/nationworld/wire/sns-ap-gm-plant-closure,1,2233351.story GM to Close Md. Assembly Plant in 2005 By SARAH BRUMFIELD Associated Press Writer November 16, 2004, 4:44 PM EST BALTIMORE -- General Motors Corp. will close a Baltimore assembly plant next year that employs about 1,100 people and makes two van models that are being discontinued, a spokesman for the world's biggest automaker said Tuesday. It was well-known that closing the plant was a possibility as it had been targeted for closing under a four-year contract that the company and the United Auto Workers agreed to last year. GM had not announced its specific plans for the plant until Tuesday. GM spokesman Stefan Weinmann said GM officials delivered the news Tuesday morning to employees at the Broening Highway plant which has about 1,000 hourly workers and 100 salaried workers. The plant's two van lines, the Chevrolet Astro and the GMC Safari, will be discontinued sometime in 2005, he said. "They were introduced 20 years ago, in 1985, and they really have reached the end of their life cycle," Weinmann said. Joe Spielman, vice president and general manager for vehicle manufacturing, told reporters after talking with workers that "GM can no longer justify building these two products at volumes that are significantly below the plant's capacity." Weinmann said the plant produced 41,000 vehicles through the first 10 months of this year. He said no date had been set for the closure, and that it was too early yet to determine what the company would offer the employees. "The workers have a safety net written into their labor agreement," he said. GM shares fell 59 cents, or 1.5 percent, to close at $39.66 on the New York Stock Exchange. GM shares are trading near their 52-week low of $36.90 reached last month. * __ On the Net: General Motors Corp.: http://www.gm.com Copyright © 2004, The Associated Press

Bush says jobless can go back to school { October 14 2004 } China rate boost may help US Consumer confidence fell seven month low Crude oil falls on speculation inventory gain Dollar and markets dive on greenspan warning { November 20 2004 } Dollar fall pushes gold above 450 { November 26 2004 } Dollar falls to nine year lows { November 4 2004 } Dollar nears record lows bond sink { November 19 2004 } Dollar struggles after stumble Dow and gold up while oil down { November 4 2004 } Economic armageddon predicted { November 23 2004 } Election day gains lost on kerry victory concerns Fears over recovery as walmart sales stall { November 28 2004 } Fed raises rate to 2 percent in november Food stamps in colorado at five year high { August 25 2004 } Gm to close baltimore plant 2005 { November 16 2004 } Gold and stocks go down together Gold heads to 16 year high Gold highest in six months as dollar slides Greenspan playing the fool { October 29 2004 } Greenspan says foreigners may curb financing deficit Imf predicts strong growth Income gap widens and uncertainty spreads { September 20 2004 } Income gap widens more families struggles { September 20 2004 } Interest rate rise by china confuses west { October 29 2004 } Job growth slows raising new concerns { October 9 2004 } Jobs created are minumum wage jobs fastfood no benefits { October 9 2004 } Ranks of areas invisible poor are increasing { October 3 2004 } Retailers usher in holiday season Stocks biggest drop four weeks after oil hike Stocks dip below 10000 mid october { October 13 2004 } Stocks dollar rise as oil drops day before election Stocks fall gold up on high oil prices { October 9 2004 } Stocks fall on producer prices report Stocks fly after bush win Stocks rally 6 days before election { May 12 2003 } Stocks rally big 7 days before election Stocks sent sliding on rash of bad news { October 23 2004 } Trade deficit second biggest ever Trade gap narrows on falling dollar Treasuries slip flustered by inflation scare US isnt concerned about dollar record falls US job growth weaker than expected US jobless rose 20 thousand to 350 thousand Files Listed: 44

Correction/submissions

CIA FOIA Archive

National Security Archives

This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information, go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purpose of your own that go beyond 'fair use', you must obtain permission from the copyright owner.