general motors layoffs
GM Says it Needs $16.6 Billion MORE: Will Cut 47,000 Jobs and Close 5 U.S. Plants to Get it
Today is it… the North American Auto Industry’s big day full of big and frightening news. But things may be worse than anyone had planned. That’s right, General Motors wants more money from the Federal Treasury… $16.6 Billion. Yes.. that is $16.6 Billion on top of the $13.4 Billion loan GM already secured from the…
General Motors to Cut 14 Percent of Workforce in 2009
In a bid to secure its $13.4 billion in loans from the U.S. government, General Motors is putting forth a rigid restructuring plan that will see 14 percent of it’s global workforce eliminated in 2009. The cuts will occur to salaried workers, reducing the total number of those employees from 73,000 to 63,000. In the…
