Some plant workers have received some really crappy news just in time for the holiday season (which seems to start earlier every year). Rick Wagoner, CEO of GM, has announced that the company will be closing nine plants, including the one in Doraville. This means that almost 3,000 people who work at the Doraville plant will be out of jobs. It also means that businesses in the area, such as restaurants where employees would eat during the workweek, will suffer as well.

The plant closures are offered as a way to reduce company costs by $7 billion by the end of 2006. Of course the CEO made the necessary ëit sucks that we have to fire peopleí statement, but the bottom line is that in GMís opinion, this is what has to be done to compete globally. To the workers at the Doraville plant (and other closing GM plants), my heart goes out to you, and I hope something really good comes along for all of you.

6 Comments so far

  1. fewownmany (unregistered) on November 21st, 2005 @ 1:52 pm

    His salary avgs.

    Annual average for 2002 through 2004:

    Form of
    Pay Wagoner
    Salary $2,133,000
    Salary + Bonus $3,907,000
    Options Present Value $4,595,000
    Free Shares $1,669,000
    Other Long-Term $1,104,000
    Miscellaneous $96,000
    Total Pay $11,371,000

    Yeah, it’s tough to run a business..


  2. Aradia (unregistered) on November 21st, 2005 @ 1:57 pm

    Awww…poor guy.
    Thanks for the stats. Things like this make me hope there really is a hell.

  3. paddyatl (unregistered) on November 21st, 2005 @ 2:42 pm

    Hey, has anyone heard anything about the other big piece of news at the ajc.com website – the redevelopment of Lakewood Fairgrounds? The article says that it will be on par with Atlantic Station. What’s that supposed to be all about, and will they protect the historic spanish-revival structures on the grounds where the antique market is (designed by Neel Reid by the way)? I don’t like the sound of this, but I’ll wait for the details.

  4. Aradia (unregistered) on November 21st, 2005 @ 2:48 pm

    Paddy – I didn’t hear about this, but that’s crazy! I will do some research and try to write a post about it asap…

  5. Tony Mc (unregistered) on November 21st, 2005 @ 4:12 pm

    Associated Press
    Published on: 11/21/05

    Atlanta Mayor Shirley Franklin and City Councilwoman Joyce Sheperd plan to announce today a major redevelopment effort for Lakewood Amphitheatre and surrounding 117 acres of property.

    Sheperd says it’s time to focus on Atlanta’s southside.

    She says the development could be similar to that of Atlantic Station.

    The city will take bids on the project.

    The Atlanta City Council recently approved legislation that would give the city the sole rights to all operations at the site.

  6. CrackWilding (unregistered) on November 22nd, 2005 @ 11:23 am

    Point of fact: GM is the largest private healthcare company in the world. But wait, I thought they made cars…

    Well, if they could concentrate on making cars, like manufacturers in other countries, perhaps this sort of thing wouldn’t be happening. If you needed a good reason for universal health care, here it is.

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