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DETROIT – General Motors Corp. is planning to temporarily close most of its U.S. factories for up to nine weeks this summer because of slumping sales and growing inventories of unsold vehicles, two people briefed on the plan said Wednesday.
The exact dates of the closures are not known.
GM spokesman Chris Lee would not comment
Thousands of workers could be laid off but would still get most of their pay because their United Auto Workers union contract requires the company to make up much of the difference between state unemployment benefits and their wages.
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The automaker's sales were down 49 percent in the first quarter compared with the same period last year
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Can't we just get this over with? Isn't it the best (of the worst) case scenario to just DO IT ALREADY?