[B4Ranch]

They were talking about this on CNBC this morning and said that if one company (GM) goes bankrupt that it would put 1.4 million people out of work. I have no idea what the resultant costs would be.

[rbg81]

They were talking about this on CNBC this morning and said that if one company (GM) goes bankrupt that it would put 1.4 million people out of work.

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I’m sure that’s a low number. It includes direct employees and suppliers. Dependent businesses would add another 1-2M to that total. The upper Midwest would truely be a ghost town.

[Fred]

I heard 40,000 directly but it will affect the businesses that support the big three.

[tacticalogic]

They were talking about this on CNBC this morning and said that if one company (GM) goes bankrupt that it would put 1.4 million people out of work. I have no idea what the resultant costs would be.

I can imagine them having to restructure and probably downsize considerably, but I don't see them just going away.

This is going to put a serious dent in UAW's membership roles and dues money, but we'll just have to explain to them that not everyone can afford a new car, and until they can it wouldn't be fair for someone else to have one, so there's no point in making them.