But.
It is also accompanied by hiring.
Interesting. It isn't completely emply of moral standards regarding RE-ENGAGING the American workforce. It is only 600 jobs, but, they are jobs. It might actually be safe to purchase the stock. Hm.
BUY AMERICAN !
GM adding 600 jobs in Lansing to build new Cadillac (w/ video) (click title to entry - thank you)
$190 million investment announced today
LANSING - Demand for a new Cadillac is driving General Motors Co. to hire hundreds of workers in Lansing.
As expected, the Detroit carmaker this morning said it will invest $190 million in the Lansing Grand River plant and create about 600 jobs as it gears up to make a new small car likely to be called the Cadillac ATS.
The move capped a months-long effort that included the city of Lansing granting GM $9.8 million in tax breaks.
Under a national agreement with the United Auto Workers union, GM must first offer jobs to laid-off workers in the surrounding area, but there will likely be new hires, said Mike Green, president of UAW Local 652, which represents hourly workers at the Lansing Grand River factory.
GM did not release a timeline for hiring or production, so the number of new hires has not been determined....
