GM has promised to add or retain about 13,000 jobs since 2009. They seem to be on track to reaching that number.
When yesterdays headlines read that General Motors would hire 4,200 people, it seemed too good for America to be true. Turns out, it’s half true. While the number is still there, the technicality of it is that the number will also include the number GM plans on retaining in its $2 billion retooling spree, which will span over 17 states.
The nationwide investment includes the Bowling Green, KY retooling investment that was announced last week, plus the upgrades to the Tonawanda, NY engine plant. As for Toledo, OH, GM plans on pouring $204 million into modernizing the plant to build an upcoming eight-speed automatic transmission, presumably for V6 vehicles.
According to the Detroit Free Press, the entire $2 billion investment will cover upgrades and hirings to GM’s Technical Center in Warren, MI and the Spring Hill, TN Stamping Plant. What’s more, Detroit-Hamtramck assembly might see as many as 2,000 new hires as the plant prepares to build the 2013 Malibu. General Motors states in the presser that more official announcements regarding where the money will go will be made in the coming months.
It should be noted that all new blue-collar hires will fall in the second-tier pay package category, making roughly $14 an hour. Should everything go well, the Center for Automotive Research estimates that the investment will add $2.9 billion to the USA’s Gross Domestic Product and support up to 28,000 jobs both directly and indirectly. And that should make everyone just feel so fuzzy inside.