Yeah, George and the GOPpers have got the US economy humming along nicely, I see.
Don't know if we can afford too much more good news.
GM to Cut 30,000 Jobs, Close 9 Plants - Yahoo! News
DETROIT - General Motors Corp. will eliminate 30,000 jobs and close nine North American assembly, stamping and powertrain plants by 2008 as part of an effort to get production in line with demand and position the world's biggest automaker to start making money again after absorbing nearly $4 billion in losses so far this year.
The announcement Monday by Rick Wagoner, GM's chairman and CEO, represents 5,000 more job cuts than the 25,000 that the automaker had previously indicated it planned to cut.
The 30,000 job cuts represents about 9 percent of GM's global work force of about 325,000 people
And so it goes.
3 comments:
and it isn't remotely possible that perhaps GM is mismanaged?
Hey that's Bush's fault too!
Oh, yeah. I forgot, nothing's ever Bushy's fault. Sorry.
I never realized until now that it was Bush making those union folks demand above-market wages and benefit packages that have destroyed the profitability of the automakers.
What a failure that Bush is. First, he drives up gasoline prices up to $3/gallon--then he can't even keep them up there for his buddies. And now he has ruined the auto industry. What will he do to us next?!
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