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Posted: 8:40 PM Jun 21, 2008
Study Suggests GM Plant Losses
A new study shows the potential loss from the GM plant in Janesville could be huge.
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A new analysis shows the closing of General Motors in Janesville could result in the loss of nearly 9,000 jobs and nearly half a billion dollars in labor income.
The study was done by Steven Deller, a University of Wisconsin-Madison/Extension professor and community development economist.
He used employment numbers from 2007. It doesn't take into account the 574 employees who will leave the plant under a recent special attrition program, and it doesn't factor in wage and benefit extensions workers have in their national labor contract.
He says the study is a worst case scenario.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
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