Last SUV from GM
Economic recession has hit General Motors. It is forced to close Janesville Assembly Plant.
The recession accompanied by hesitation by banks to extend credit have forced GM and other U. S. automakers towards lay offs and closure of plants.
GM's sales has cut jobs of 1,200 employees after the company ended production at the southern Wisconsin plant. About 800 employees associated with local companies involved in supplying parts to GM are also out of job.
The last SUV from General Motors just rolled off the line after seven in the morning on Tuesday. It was an emotional moment for many employees who had been with GM for many years. Few were optimistic about GM bouncing back to normalcy. Most wound up watching the last vehicle come down the line. Some of those who had retired earlier were also present.
But it seems unlikely that someone would bail out the company of this situation.
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