Posted on 05/13/2009 5:17:38 AM PDT by rightwingintelligentsia
An estimated 137,332 people could find out by the end of the week that they will lose their jobs when General Motors Corp. announces which 2,641 dealerships will close by year's end.
While that won't be good news, it may at least offer an end to the endless speculation that has dealers comparing notes to try to figure out what comes next and how GM officials will be making their choices.
"We haven't heard anything at all here, and we may be one of the dealerships being canceled," said Bob Arnold, owner of Arnold Pontiac in Houston, Pa., which also sells GMC trucks.
General Motors announced late last month that it would speed up the closing of some of its 6,246 dealerships, many of which have been marginally unprofitable or worse. The Detroit automaker is trying to avoid bankruptcy, although CEO Fritz Henderson said earlier this week that option is considered more likely than ever now.
(Excerpt) Read more at post-gazette.com ...
137,000 people unemployed because of the GM takeover? That represents 1/4 of last month’s unemployment numbers. Why is this not getting more attention in MSM?
And when they become unemployed, they will receive what?? Any benefits at all?? Welfare?? Unemployement??
Posting should read “GM dealers await word from DC on closures”
Those dealships always have multiple businesses going: New car sales, used car sales, a mechanical repair shop and a body shop. They will not all go out of business. Most will continue in some form or other. I suspect most have already reduced their workforce.
Are you kidding? The media is much akin to the old tale of the third class passengers on the TITANIC. As their own ship sank out from under them, they celebrated the misfortune being suffered by the RICH. Same attitude today.
Those 137k working for dealers must not be UAW. Screw ‘em. /s
They will go from union workers paid with government subsidies to do very little work to...
well, union workers paid with government subsidies to do no work.
I thought they were all going under... "some" is good news.
Hey, these employees can just go out and get some of those high-paying and expanding jobs in the Green Sector!
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