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GM To Eliminate 25,000 Jobs, Several Plants by 2008

NPR | By Jack Speer

Published June 7, 2005 at 12:00 AM EDT

General Motors Chairman and CEO Rick Wagoner announces the U.S. auto giant will cut 25,000 jobs and shutter several plants in the next few years a bid to turn around the ailing company. He made the announcement Tuesday at the company's annual meeting. GM lost $1.3 billion in the first quarter of 2005.

Copyright 2005 NPR

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Jack Speer

Jack Speer is a newscaster at NPR in Washington, DC. In this role he reports, writes, edits, and produces live hourly updates which air during NPR programming.

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