Business
General Motors Corp., in the largest wave of permanent plant closings it has ever announced, said Thursday that it will shut down 11 assembly and component facilities between 1987 and 1989, eliminating 29,000 jobs throughout the Midwest.
Nov. 7, 1986
Autos
Last December, when General Motors announced it was selling its closed South Gate plant, thousands of displaced workers who had dreamed of its reopening finally had to accept permanent eviction.
Jan. 26, 1986
General Motors, struggling to control costs and reduce its excess production capacity in the face of a rapid erosion in its market share, may announce a series of major assembly plant closings within the next few months, eliminating thousands of jobs, according to top GM executives.
Oct. 22, 1986
Calling attention to the loss of thousands of jobs in the South Bay, business leaders and local elected officials held a rally Thursday at a former Carson mattress factory whose operations were recently moved to Mexico and Riverside County.
Sept. 18, 1992
Technology and the Internet
Motorola Inc. on Wednesday became the fourth major chip maker to stop U.S. production of computer memory chips, saying it is again shelving plans for a $3-billion plant in Virginia amid the “worst global downturn in semiconductor history.”
Sept. 17, 1998
It was a tough year for many regional businesses.
Dec. 31, 1991
On July 3, 1986, the glorification of Lido Anthony Iacocca seemed complete.
May 3, 1988
California
“What a waste of time,” lamented one visitor from Georgia on learning that her sweltering trek to one of our renowned beaches last weekend was in vain.
Aug. 18, 1992
“Slice and dice” took on new meaning at appliance maker Sunbeam Corp. last week, when Chief Executive Albert J.
May 17, 1998
The Los Angeles Department of Water and Power is considering closing its San Fernando Valley power plant, despite concerns by some DWP workers that the plant has been serving as the area’s backup power source during emergencies, such as the Northridge quake.
March 15, 1994