GM to Cut 25,000 More US Manufactiring Jobs by 2008

Discussion in 'Economy' started by onedomino, Jun 7, 2005.

  1. onedomino
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    onedomino SCE to AUX

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    Part of the job cuts should be the GM President and Board of Directors who managed to lose $1.1 billion in the first quarter. As its market value continues to sag and Toyota captures its market share:

     
  2. Mr. P
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    Mr. P Senior Member

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    Someday these folks will understand that no matter how much you cut,
    people don't buy "shit" at high prices..The unions should wake up too.
     
  3. Fmr jarhead
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    Fmr jarhead Senior Member

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    Stock markets seems to like the cost cutting measures...initial reaction is a 1% jump in price.
     
  4. Adam's Apple
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    Adam's Apple Senior Member

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    This is going to hit our state HARD. I just hope the workers begin to get training now for other types of work. One thing's for sure: they're not going to find other jobs that will pay what they were getting working on the assembly lines. I'm afraid all those jobs in the U.S. are going to be "gone with the wind" before too many more years pass.
     

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