Missouri lawmakers frustrated with GM job-retention promises

News

General Motors reported the largest annual profit in its history Thursday, February 16, 2012, just two years after the nation’s largest automaker emerged from bankruptcy with the help of a federal bailout.

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

JEFFERSON CITY, Mo. (AP) _ Some Missouri lawmakers say they’re frustrated with General Motors’ promise to keep only 2,000 jobs at a suburban St. Louis plant, despite the offer of $50 million in tax incentives.

Democratic House Minority Leader Crystal Quade told The Associated Press that the deal could amount to millions of taxpayer dollars going to a company amid layoffs.

Lawmakers scrambled to pass tax incentives late last session to entice GM to expand its Wentzville plant.

GM promised to invest $1.5 billion in the site and keep 2,000 jobs as part of a deal reached with the United Auto Workers last month. About 4,300 employees work there now.

Republican Rep. Nick Schroer represents Wentzville. He says he has faith that state officials will negotiate for GM to keep more than half the workforce.

FOX 2 Newsletters

Sign up for a newsletter from FOX 2 to get updates about news and weather. We offer daily headlines, breaking news, severe weather, and forecast emails.

Popular

Latest News

More News