General Motors Plans Big Investments, With New Jobs
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DETROIT (WWJ) – Update: 1:30 p.m.
General Motors is expected to announce Tuesday that it’s investing $2 billion in plants in several states, and adding up to 4,200 new workers over the next three years.
The company isn’t commenting, but WWJ has learned that the announcement will be made when GM CEO Dan Akerson visits the Toledo Transmission Plant. It was originally reported that the company will hire up to 400 new workers to build a new 8 speed transmission in Toledo.
We may learn some of the details of GM’s other investments, when Akerson speaks in Toledo. The Detroit Free Press reports that as many as two thousand of the new jobs will be at GM’s Detroit-Hamtramk plant, but we’ve not been able to independantly confirm that.
WWJ AutoBeat Reporter Jeff Gilbert will be at the 1:30 p.m. event in Toledo. For instant updates from the announcement, you can follow Jeff’s Twitter feed here.
Workers who talked to WWJ’s Ron Dewey were optomistic, but also didn’t want to get their hopes up.
“With the auto industry, you never know,” said Detroit-Hamtramk plant worker Dave Zella. “I don’t want to get my hopes up, so I told my wife ‘Don’t go crazy.’.”
The GM announcement will likely mean new hiring, as the company expects to have all workers who are currently on layoff back on their jobs in the fall. The current contract with the UAW allows GM to hire new workers at roughly half of the current wage. That could also see some workers transferred among GM plants, as the company gears up to make new products.
The hiring is expected to begin later this year, and continue through next year.
UAW Vice President Joe Ashton will be in Toledo for the Wednesday announcement, as will a number of government officials.
GM will be negotiating a new contract with the UAW this summer, and it’s possible some specific of the investments may not come until after the deal is finished.