What’s the plan GM’s CEO announced at the automaker’s annual shareholders meetin

General Motors announced today that it will eliminate at least 25,000 manufacturing jobs in the US within the next three years.
     General Motors’ CEO Rick Wagoner announced the planned job-cuts at the automaker’s annual shareholders meeting in Willington, Delaware. GM also expects to close more vehicle assembly and parts plants. Wagoner says the moves are expected to save GM about 2.5 billion dollars a year. He also laid out a four-point approach to improve the company’s profits. The world’s largest automaker has been struggling with slumping sales and rising cost for raw materials and employee health care. Wagoner says health care adds about 1500 dollars to the cost of each GM vehicle.