GM adds 300 workers
Article excerpt
Highlighted: the sentence this signal was extracted from
Liliana Franco The automotive company General Motors announced that it will make an investment of 90 million pesos and will create 300 new jobs. This company, at the time, was favored by a national government loan of 70 million dollars, a debt that it has already paid off by 40 percent. The announcement was made by the executive director of General Motors Argentina, Sergio Rocha, to the Minister of Industry and Tourism, Débora Giorgi, at the meeting they held yesterday at the ministerial headquarters. The investment will be allocated to expanding the production capacity of its Rosario plant, which will allow for the incorporation of 300 new operators. This adds to the 587 workers incorporated in mid-2009 within the framework of the Agile Project. In this way, the number of employees at the Santa Fe automotive complex will reach 3,000. Likewise, the executive informed Giorgi that the increase in production will make it possible to increase the purchase of local auto parts by 160 million pesos per year. This figure is in addition to the integration program already committed for 500 million for a production of around 120,000 vehicles per year. In that sense, Minister Giorgi assured that the national government has a very advanced project to promote –along with the automotive terminals– a financing program for the development of the national auto parts industry. At the end of...
Keep reading with a free account
The rest of this article, and every signal for General Motors, is in your free account.
