General Motors Corp. will close its Saginaw, MI, Malleable Iron Plant by September 2007 and eliminate 350 hourly and salary positions. The factory produces gears for automatic transmissions. Output slowly will be shifted to GM’s Defiance, OH, foundry. More efficient materials and processes have diminished demand for iron transmission components. The Malleable Iron plant, which opened in 1917, employs about 300 members of United Auto Workers union Local 455. Nearly 50 salaried employees ...
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