Saturday, September 18, 2010

483 Million GM Dollars = 483 New Jobs

Earlier this week General Motors announced their plans to invest $483 million in to their Spring Hill, Tennessee plant, which they claim will create 483 jobs. GM also explained that employees who had been laid off will be brought back to work at the new plant. reports

    Mark Reuss, president of GM North America, said his company would invest the money in the powertrain factory through 2012.

    "By coincidence, the result in new jobs is 483," he said, before a crowd of cheering auto workers. "No, we didn't plan it that way."

    The additional investment and jobs are pending successful incentive negotiations with local and state officials, GM said in an announcement.

    The additional employees will be brought back from among workers GM had earlier laid off. The plant already builds three versions of GM's Ecotec four-cylinder engine. The additional jobs are needed to add production of a next-generation variant of the engine which, GM said, is more fuel efficient and runs more smoothly.

    "The engines made in Spring Hill will drive the success of GM to meet our customer demands for advanced powertrains which offer high fuel economy without sacrificing performance," said Reuss, in a corporate announcement.

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