Wednesday, March 22, 2006

General Motors cuts back and expands simultaneously

General Motors, the car company behemoth responsible for Buick, Chevrolet, Pontiac, Saab, Hummers and a host of other automobiles, seems to be shrinking in some respects but expanding in others.

More than 100,000 U.S. hourly workers employed by GM are getting BOUGHT OUT with early retirement plans, which will save the company a ton of cash.

But the company's also beefing itself up, by manufacturing a ton of extra SUVs across the country and in Mexico.

The company is also expanding in INDIA, according to several articles.

What I'm wondering is, what's going to happen to those 100,000 hourly employees? Who's going to replace them? And why is GM doing better abroad than in the U.S.?

2 Comments:

At 7:29 PM, Blogger purple peeper said...

as long as CEOs can get bonuses while their companies are going under why not double or seventuple the minimum wage?
We have gas prices we have to pay and we get no playtime expense to drive from here to there.
nobody should be a slave to this economy in any form or matter.
peole do not own people or "belong" to each other for the same reason.
REspect people especiially and sometimes only yourself.

 
At 7:30 PM, Blogger purple peeper said...

na

 

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