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2009-06-02--EXTRA--MASSENA GM PLANT MAY BE REACTIVATED IN CORPORATE RESTRUCTURE |
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THE RESTRUCTURING OF GENERAL MOTORS IN BANKRUPTCY MAY PUT THE MASSENA FOUNDRY BACK IN SERVICE. ST.LAWRENCE COUNTY LEGISLATURE CHAIRMAN GREGORY PAQUIN OF MASSENA AND COUNTY ADMINISTRATOR KAREN ST.HILAIRE PARTICIPATED IN A CONFERENCE CALL MONDAY AFTERNOON WITH THE WHITE HOUSE ECONOMIC TEAM CHARGED WITH HELPING COMMUNITIES THAT HAVE IDLE G-M FACILITIES. MONEY WILL SOON BE AVAILABLE TO HELP WORKERS FIND NEW JOBS WITH RE-TRAINING, OR ASSISTANCE WITH STARTING NEW BUSINESSES. ST.HILAIRE TOLD LEGISLATORS MONDAY PAQUIN STEPPED UP TO THE PLATE FOR THE MOST INTERESTING PART OF THE CONFERENCE. GM WILL MAKE A NEW VEHICLE AT ONE OF THE IDLED PLANTS; PAQUIN MADE THE PITCH FOR MASSENA BECAUSE LOW-COST HYDROPOWER IS AVAILABLE, AND THE PLANT HAS ONLY BEEN IDLE A MONTH. IT ALSO HAS EXPERIENCE IN MAKING SMALL-BLOCK ENGINES. THE FEDERAL GOVERNMENT NOW OWNS ABOUT 70 PERCENT OF GENERAL MOTORS AS A RESULT OF THE BANKRUPTCY FILING MONDAY.
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