GM cuts worse than expected

[skcin]

http://money.cnn.com/2005/11/21/news...ex.htm?cnn=yes

[irishgrl]

good grief, so many people and at such a time too...........so sad

[estranged4life]

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]

When I heard this, it made me ill....

[bikerchic]

3,900 jobs here in Ontario.

[SteveMacD]

The entire 3rd shift here in Dayton. I'm gonna have to start playing the Pretenders.

[DavidMn]

OUCH. fortunately I dont know anyone working for that company.

[sara1998]

Sure you do, David. It's 30,000 fellow Americans who won't have a job for Christmas....

[golddustdragon]

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]

Originally Posted by sara1998

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

[DavidMn]

Originally Posted by sara1998

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 . 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.

[LEATHER&LACE64]

Originally Posted by DavidMn

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.