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View Full Version : GM cuts worse than expected

skcin
11-21-2005, 03:48 PM
http://money.cnn.com/2005/11/21/news/fortune500/gm_cuts/index.htm?cnn=yes
irishgrl
11-21-2005, 04:33 PM
good grief, so many people and at such a time too...........so sad :(
estranged4life
11-21-2005, 08:03 PM
plant will be the first to close come early 2006.

That production plant knew its days were numbered with production of the SUV, which has had awful lagging sales for the past few years.

About 2,300 will lose their jobs in OKC...Not nearly as bad as when Lucent laidoff 10,000 in OKC at the end of the 90's, But the estimated income loss for the state due to the plant closing will be around 1 billion a year.
sara1998
11-21-2005, 09:16 PM
:distress: When I heard this, it made me ill....
bikerchic
11-21-2005, 10:20 PM
3,900 jobs here in Ontario.
SteveMacD
11-21-2005, 10:30 PM
The entire 3rd shift here in Dayton. I'm gonna have to start playing the Pretenders.
DavidMn
11-22-2005, 03:30 PM
OUCH. fortunately I dont know anyone working for that company.
sara1998
11-22-2005, 03:51 PM
Sure you do, David. It's 30,000 fellow Americans who won't have a job for Christmas....
golddustdragon
11-22-2005, 03:56 PM
Or even Thanksgiving. For those who have jobs, be thankful for it. It could easily disappear in the name of economic progress. That's what Bush and his talking heads are describing it as anyway.
bikerchic
11-22-2005, 06:07 PM
Sure you do, David. It's 30,000 fellow Americans who won't have a job for Christmas....
Aren't these lay offs supposed to start in 2006 :shrug:
LEATHER&LACE64
11-25-2005, 11:13 PM
OUCH. fortunately I dont know anyone working for that company.

I do. I have worked for a GM dealership for 20 years and we are all feeling the trickle down of GM's large problems. It is very uncomfortable to see what GM may do next. :shrug:
DavidMn
11-26-2005, 11:33 AM
Sure you do, David. It's 30,000 fellow Americans who won't have a job for Christmas....Of course. I'm sorry I didnt look at it that way. You're exactly right. I really feel bad for these people:distress: . I'm just glad I'm working, even if it is at a gas station. I hpoe these people will all land on their feet.:nod: