Toyota Mulls Shutting NUMMI Plant, Could Impact 50,000 Jobs in California

Eric Savitz (Barron's) submits:

The labor market troubles in Northern California are about to get even worse.

Toyota (TM) reportedly is looking to end production in March 2010 at NUMMI, the New United Motor Manufacturing Inc. plant in Fremont, just across San Francisco Bay from Silicon Valley. The 5.3 million square foot facility had been a joint venture with General Motors until GM withdrew walked away as part of its bankruptcy filing. NUMMI is the largest corporate employers in Alameda County; the NUMMI web site says the plant has 5,440 employees. (The Reuters story puts the number at 4,500.)

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