GM workers, others ponder economic survival after bankruptcy - WSFA.com Montgomery Alabama news.

GM workers, others ponder economic survival after bankruptcy

DETROIT (AP) - General Motors is hoping for a short, surgical and successful bankruptcy.

But many whose lives are intertwined with the company say it's going to be far more difficult and messier than fixing a balance sheet.

One woman who runs a business selling food to and cashing checking for GM workers near an assembly plant slated to close in Pontiac, Michigan, says she's going to have to "downsize everything" including the number of people she employs.

The mayor of Mansfield, Ohio, says the city was already have budget problems and the closing of a nearby metal stamping plant will force it to cut more jobs.

And the owner of Sam's Tailor Shop in GM's Renaissance Center headquarters in Detroit says most of his business comes from GM employees, so if the automaker were to leave, he'd have no choice but to close as well.

 

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