Monday, June 1, 2009

GM files for bankruptcy; Official says Jackson suppliers will downsize, some may close

by Chris Gautz Jackson Citizen Patriot

With General Motors filing for bankruptcy today, some local suppliers may be forced to shut down lines, while others may shut their doors.



"A lot of companies have been hanging on by their fingernails. Those fingernails are getting worn out," said Bill Rayl, executive director of the Jackson Area Manufacturers Association. "It's going to mean more layoffs and more slowdown. I wouldn't be surprised if a few companies closed."

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