GM to Cut 25,000 Jobs, Close Plants

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  • VeriSexy
    Join The Royal Family
    • Apr 2002
    • 25463
    #1

    GM to Cut 25,000 Jobs, Close Plants

    A big announcement by General Motors. The world's number one automaker plans to cut 25,000 jobs and close an unspecified number of plants over the next 3-1/2 years. CEO Rick Wagoner also tells shareholders, the company plans to buy more components from suppliers outside the United States. General Motors says the changes stem from huge losses in recent years.

    http://www.kltv.com/Global/story.asp?S=3442604
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    • Trax
      [----------------------]
      • Aug 2001
      • 14486
      #2
      they go down for a reason
      their shit is crap
      the downfall of GM is well deserved!!!

        Comment

        • tony299
          lurker
          • Aug 2002
          • 57021
          #3
          That sucks for those poor workers, you have been spot welding on a line for 15 yrs. You basically have no skills .

            Comment

            • axelcat
              Adult Locals
              • Jun 2002
              • 25450
              #4
              thats gonna put a dent in unemployment

                Comment

                • Babagirls
                  Text Writer
                  • Feb 2001
                  • 18812
                  #5
                  you can thank Bush for raising the gas prices, not raising min. wages, and adding more & higher taxes for him putting this country in even more of a debt.

                  this country is basing their prices of cars & houses on people that make $100,000 a yr, meanwhile, jobs are being lost all over the country & wages arent being raised to compensate for the price increases of everything.




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                    • VeriSexy
                      Join The Royal Family
                      • Apr 2002
                      • 25463
                      #6
                      Originally posted by Trax
                      they go down for a reason
                      their shit is crap
                      the downfall of GM is well deserved!!!

                      GM has close to 300 billion in Debt, you don't want GM to go down dude!!! Ford has about 120 billion in debt and is not doing to well either........
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                        • Wiggles
                          Too lazy to set a custom title
                          • May 2004
                          • 14423
                          #7
                          hmm thought ford would have the greater debt.
                          no sig

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