GM to Cut 15,000 Jobs

Indiana (NNDC):

Indiana may be spared from GM’s firing of 15,000 workers.  Indiana makes trucks not cars and that may be the reason that Indiana operations were spared from closings in five cities that will cost over 15,000 people their jobs.

Plants in Detroit; Oshawa, Ontario; Warren, Ohio; White Marsh, Maryland; and Warren, Michigan, will close, the company announced Monday.  The “trickle down effect” may however, still impact Indiana workers.

The company is facing the possibility of bankruptcy, and the reason for the government bailout in 2008 and 2009.  Promises from the Administration in Washington seem to have fallen short.

The largest expense is people and the only way they can make a dent in their expenses is to reduce work force and that’s what they’re doing right now.

GM said in a call with reporters that even though they are doing well, and sales are up, that cutting 15 percent of the workforce and 25 percent of the executive force, will put the company in a better financial position.  It will also allow the company to make better use of its technology.

A Company spokesman said the company must follow through on their promise to focus efforts on the kinds of cars that trends are moving toward to avoid bankruptcy. That includes hybrids and cars with the tech people are looking for.

 

 

 

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