Latest Gear Live Videos
Thursday June 9, 2005 9:00 am
GM Cuts 25,000 jobs
After losing $1.1 billion during the first quarter of this fiscal year, GM has plans to cut 25,000 jobs by 2008. Rick Wagoner, GM’s chairman and CEO, has justified his plans by stating that it could save the company $2.5 billion a year. It will undoubtedly save the company money, but its competitiveness will not be reaffirmed by cutting jobs. Hopefully the 25,000 jobs figure will be cut, but that’s wishful thinking - good luck to GM and good luck to their employees.
Read More 
| New York Daily News
- Related Tags:
Digg ThisAdvertisement
Advertisement
Follow Gear Live!
Recent Galleries
Facebook Fans
Featured Poll
Which is more important to you: Audio quality or video quality?
Thanks for voting in this poll.
Categories
Advertisement
Site Links
All About GearLive
GearLive Tools
Check out the Gear Live Tools that let you integrate Gear Live into your site and add Google features.
Advertise
GearLive Store
New! Get Gear Live hats, shirts, hoodies and more at the new Gear Live Store, coming soon.
© Gear Live Inc. – User-posted content, unless source is quoted, is licensed under a Creative Commons Public Domain License. Gear Live graphics, logos, designs, page headers, button icons, videos, articles, blogs, forums, scripts and other service names are the trademarks of Gear Live Inc.
Comments:
HAHA!
Reply to this: comment | thread
Oh man, just what we need in this country, less jobs!
Reply to this: comment | thread
They’re cutting 25,000 jobs yet they’re giving everyone in the US the “Employee discount”. Is it just me or does that not make sense?
Reply to this: comment | thread
Comments: Page 1 of 1 pages