GM Says It Will Cut 30,000 NA Jobs

(Akron/Tire Review) Struggling General Motors Corp announced this morning that it would close nine North American production and assembly plants and cut 30,000 manufacturing jobs by 2008 as part of an effort to get production in line with demand. Rick Wagoner, chairman and CEO of the world’s largest automaker, announced the closures during a speech to employees from GM’s Detroit headquarters. Wagoner has repeatedly denied that GM would file for bankruptcy.