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GM North America to
Undergo Major Capacity Reduction
Next Significant Step in
GM's North American Turnaround Plan
9 Assembly, Stamping & Powertrain Facilities, 3 SPO
Facilities to Cease Operations
Total Reduction of 30,000 Positions
Total Cost Reduction Running Rate of $7 Billion by End of 2006
DETROIT - General Motors
will undergo a wide-ranging restructuring of its manufacturing
operations in the United States and Canada as part of its
comprehensive four-point plan to return the company to
profitability and long-term growth, GM Chairman and CEO Rick
Wagoner announced today.
GM's next step in its North
American turnaround plan addresses its ongoing capacity
utilization, a major component of reducing structural cost. A
total of nine assembly, stamping and powertrain facilities and
three Service and Parts Operations facilities will cease
The additional actions will reduce
GMNA assembly capacity by about 1 million units by the end of
2008, in addition to the previously implemented reduction of 1
million units between 2002 and 2005. Factoring in the additional
capacity from GM's new Delta Township facility in Lansing, Mich.,
slated to begin production next year, the overall net result will
be a GMNA assembly capacity of 4.2 million units. While down 30
percent since 2002, this capacity level will still provide GM
plenty of flexibility to anticipate and meet market demand, but
in a much more cost-effective manner. A total of 30,000
manufacturing positions will be eliminated from 2005 through 2008.
"The decisions we are
announcing today were very difficult to reach because of their
impact on our employees and the communities where we live and
work," Wagoner added. "But these actions are necessary
for GM to get its costs in line with our major global competitors.
In short, they are an essential part of our plan to return our
North American operations to profitability as soon as possible.
"We continue to be equally
committed to revenue drivers - introducing compelling new cars
and trucks, and executing our revitalized sales and marketing
strategy - and we have received ratification of the agreement
with the UAW, which will help significantly to address our health-care
cost challenges," Wagoner said. "We are making steady
and significant progress in implementing the plan to turn around
our U.S. business."
The following six assembly plant
sites will be affected in the years indicated:
- Oklahoma City, Okla., will
cease production in early 2006.
- Lansing, Mich., Craft Centre
will cease production in mid-2006.
- Spring Hill, Tenn., Plant/Line
No. 1, will cease production at the end of 2006.
- Doraville, Ga., will cease
production at the end of its current products' lifecycle
- The third shift will be
removed at Oshawa Car Plant No. 1, in Ontario, Canada, in
the second half of 2006. Subsequently, Oshawa Car Plant
No. 2 will cease production after the current product
runs out in 2008.
- The third shift will be
removed at Moraine, Ohio, during 2006, with timing to be
based on market demand.
Capacity-related actions affecting
stamping, Service & Parts Operations and powertrain
- The Lansing, Mich., Metal
Center will cease production in 2006.
- The Pittsburgh, Pa., Metal
Center will cease production in 2007.
- The Parts Distribution Center
in Portland, Ore., will cease operations in 2006; the
Parts Distribution Center in St. Louis, Mo., will cease
warehousing activities and will be converted to a
collision center facility in 2006; the Parts Processing
Center in Ypsilanti, Mich., will cease operations in 2007.
One additional Parts Processing Center, to be announced
at a later date, will also cease operations in 2007.
- The competitiveness of all
unitizing (packaging) operations at the Pontiac, Drayton
Plains, and Ypsilanti Processing Centers in Michigan, as
well as portions of the unitizing operations at the
Flint, Mich., Processing Center will be evaluated in
accordance with the provisions of the GM-UAW national
- St. Catharines Ontario Street
West powertrain components facility in Ontario, Canada,
will cease production in 2008.
- The Flint, Mich., North 3800
engine facility ("Factory 36") will cease
production in 2008.
Given the demographics of GM's
workforce, the company plans to achieve much of the job reduction
via attrition and early retirement programs. GM will work with
the leadership of its unions, as any early retirement program
would need to be mutually agreed upon. GM hopes to reach an
agreement on such a plan as soon as possible.
"These are difficult moves
that will affect thousands of dedicated GM employees and
families, as well as state and local governments," Wagoner
said. "We will work our hardest to mitigate that impact."
There will be a significant
restructuring charge in conjunction with this capacity
announcement, and also with any related early retirement program.
The details of these charges will be provided when available.
Wagoner also said the company has
further accelerated its efforts in structural cost reduction,
raising the previously indicated $5 billion running rate cost
reduction plan in North America to $6 billion by the end of 2006.
In addition, GM continues to pursue its plans to target $1
billion in net material cost savings. In total, the plan is to
achieve $7 billion of cost reductions on a running rate basis by
the end of 2006 - $1 billion above the previously indicated
"Our collective goal remains
the same: to return our North American operations to sustained
profitability as soon as possible, thereby helping to ensure a
strong General Motors for the future," Wagoner concluded.
General Motors Corp. (NYSE: GM),
the world's largest automaker, has been the global industry sales
leader since 1931. Founded in 1908, GM today employs about 325,000
people around the world. It has manufacturing operations in 32
countries and its vehicles are sold in 200 countries. In 2004, GM
sold nearly 9 million cars and trucks
globally, up 4 percent and the second-highest total in the
company's history. GM's global
headquarters are at the GM Renaissance Center in Detroit. More
information on GM can be found at www.gm.com.