Could GM's Indy Stamping Plant Get Early Death Warrant?
(INDIANAPOLIS) - Reports surfaced last week that General Motors may close plants as much as four years sooner than planned.
It's an ominous sign for the stamping plant in Indianapolis. The contract negotiated in 2007 allows GM to close the plant by the end of 2011, if a buyer can't be found.
Local 23 President James Kendall and his members have cause for hope in spite of production cuts that will add 7 weeks on layoff to the normal midsummer shutdown for model changeover.
GM has already closed a stamping plant in the Pittsburgh area and another closes soon in Michigan. The plant in Indianapolis has picked up work done previously at those two plants.
A little more than 750 people work at the plant.
That number peaked at 5,000 in the 1980s. The plant opened in Indianapolis in 1884 as a maker of horse drawn carts and buggies.
It was purchased by General Motors in 1930 and has been operated by the automaker ever since.
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