GM to cut 30,000 jobs

Reuters, Bloomberg | 21 Nov, 2005 | Self

[12B]

Breaking on Bloomberg and Reuters. GM will cut 30,000 jobs in massive restructuring. More....

[Red Badger]

It's not a car, it's a commitment.......

[Red Badger]

...UAW workers...

That's a double redundant oxymoron.......

[cynicom]

Lock the doors and move the business to China.

[randog]

When the "patient" perceived that they were not paying for their health care out of their own pocketbook, costs began their astronomic upward trend.

Keep in mind that insurance provides a pool of money that the medical industry will soak up and then ask for more. Whenever money's left lying on the table you can guarantee it will be snatched up. This goes for insurance, college tuition, and any government activity.

[green iguana]

Saturn was folded into the rest of GM about 3 years ago.

[NautiNurse]

Seeing only blue hair and knuckles on the steering wheel is another red flag.

Q-tips

[conservative physics]

socialism / communism always ends with the same result, bankruptcy and failure.

It's such a shame that the democrats will loose the union dues of 30,000 people to help elect more of their scum in 2006...

[Yossarian]

..UAW workers...

That's a double redundant oxymoron.......

Hey, that's not fair. During college, I used to work at GM, sometimes doing manufacturing (I was a GMI brat, for those who know what that is/was). So I know that broad smears of UAW workers just don't hold true.

The usual breakdown of workers was:

• 5-10% great workers
• 2-5% bad apples, and
• the rest just did their job

If you got close to 5% bad apples or more, you'd have problems galore. If you had less than 5% great workers, problems wouldn't be spotted and corrected. The remaining 80-90% or so just did what they were told and what the union rules stipulated, no more no less. But they worked.

[Trust but Verify]

Wow. What could they be thinking?

I'm working in a heavly unionized industry and I'm VERY afraid. Our wages and benfits are not as good as GM's but still damn good. The gravy train is going to go off the tracks. I hope it doesn't happen before I hit 30 years. That's three years from now and I think it's going to be really, really close.

[Walkingfeather]

I am 39, and when I was 12 buick , oldmobile cadillac meant you were old. Now that was 27 years ago. It is all about branding, Buick and the like went for safe and dependable. When for the last 20 years people have bought SUV's because they saw themselves as Adventuresome, or wanted to be seen as adventuresome that is polar opposite of safe. As God as my witness I have never heard anyone say .... Hey come at look at the new car I bought... its a buick. The fact that they have lasted this long is amazing.

[OpusatFR]

Sorry. Lots of rank and file vote GOP.

[Trust but Verify]

Did the guy who drove all the way to the toll booth with a dead man lodged in his windshield drive one of those giant buckets? I bet he did.

[macamadamia]

I bet you the execs will still take home their million dollar bonuses! Man is so sinful. He will cut 1,000 jobs for men who will no longer be able to feed their families, but keep the ONE job of the executive who makes the equivalent of those 1,000 men's salaries so he can maintain his 12K a year country club membership, pay $500.00 for dinners out with his wife and two children and all sorts of materialistic and gluttonous activities. I know why God says it is easier for a camel to pass through an eye of a needle than for a rich man to get into heaven.




I'm surprised you didn't fit in the phrases: man's inhumanity to man and the rich are getting richer and the poor are getting poorer.

As for myself, my sympathy gene must have clicked off today. This is union-goon karma at work.

[joesbucks]

While there is some pride of practicality, the Saturn plant with the most co-operative management/union situation is losing a line. Not shut down, but a lost line. Sometimes even massive co-operation will not save a plant or a line.

Company I worked for killed their most productive plant, their most profitable plant, their highest quality plant and the lowest accident plant all to save plants where they had invested $$$. I then went to work for another company that did the same thing. All the deliverables management asks from employees and they still were closed.

[NautiNurse]

Did the guy who drove all the way to the toll booth with a dead man lodged in his windshield drive one of those giant buckets?

Oddly enough, found out yesterday the old man died. btw - he was driving a 2002 Chevy Malibu.

[queenkathy]

I understand one is in Ypsilanti, MI. We have several friends from there. My husband was a GM gypsy for awhile, moving from plant to plant. Now he's medically retired from Delphi. We know lots of GM people. How many plants are there in Ypsi?

[Spktyr]

Arlington's staying, OKC is going.

Arlington's an older plant, but they just dumped a lot of money into updating it, and they make some of the (few) remaining profitable vehicles GM makes there.

[SDGOP]

This is more likely to be the case in places like Georgia and Oklahoma, since Japanese auto companies have an understandable aversion to doing business in places like Michigan. Why's that(just curious)

[Alberta's Child]

Too much of a union presence in Michigan (most southern states are "right to work" states where unions don't have much influence), and much higher taxes in the Rust Belt than in the South.

[Spktyr]

Saturns have been rebadged Opels (for the most part) for 5-7 years now. No great loss.