GM Slashing 25,000 jobs. Closing plants..T

Things are not looking good, and IMHO that applies to American industry in
general.
So to you CEO's and major stockholders, keep offshoring jobs, losing
control of our bread an butter industries (the ones that built America)
and hopefully you'll enjoy your golden parachutes.

This country is in serious trouble........

I'll bet many of you don't even realize IBM sold the majority of it's PC
division to a Chinese company called Lenovo.
The CEO etc are squealing with delight, while American workers are being
put out of work. BTW the FBI is invstigating this because of possible
espionage. Did you realize that parts of the latest fighter jet are
actually being made in China?

Like I said, we are in serious trouble.

--
Dana Larsen
(Leave one 6 and remove everything after to reply)

YES, by 2008. This isn't really news as GM is always looking to 'slash;
jobs.

Dana wrote:
> Things are not looking good, and IMHO that applies to American industry in
> general.
> So to you CEO's and major stockholders, keep offshoring jobs, losing
> control of our bread an butter industries (the ones that built America)
> and hopefully you'll enjoy your golden parachutes.
>
> This country is in serious trouble........
>
> I'll bet many of you don't even realize IBM sold the majority of it's PC
> division to a Chinese company called Lenovo.
> The CEO etc are squealing with delight, while American workers are being
> put out of work. BTW the FBI is invstigating this because of possible
> espionage. Did you realize that parts of the latest fighter jet are
> actually being made in China?
>
> Like I said, we are in serious trouble.
>
> --
> Dana Larsen
> (Leave one 6 and remove everything after to reply)


At the annual meeting Evelyn Y. Davis told Lutz he "better get with it"
and was maybe "too old for the job."
GM has been a day late and a dollar short for decades. Wallstreet
finally twisted their arms until they were forced to honor the fact
that they ain't selling 30% of the cars no more no more. So they are
acting to cut the capacity down somewhat. But by the time they cut the
capacity down to 25%, they may no longer have 21% market share and
could still be over capacity.
Lutz is just dying to get his new SUV's out there. That will save them.
And how come Wagoner never seems to take any heat for the portion of
the demise under his watch?
PS. I was not sure whether to laugh or cry when I bought some aviation
cable Saturday. The spool said, "Not for use on aviation controls."
MADE IN CHINA.

Interesting that GM would make a press release on the topic if it weren't
news. Hint, it IS news (by definition) since is in the press everywhere.
Most analysts though believe that a majority of these numbers will come from
normal attrition.

"No One You Know" <nooneyouknow34474@yahoo.com> wrote in message
news:1118179804.405820.318750@g14g2000cwa.googlegr oups.com...
> YES, by 2008. This isn't really news as GM is always looking to 'slash;
> jobs.
>

On Tue, 07 Jun 2005 1654 -0400, Dana
<dana_larsen66615kl4k3@yahoo.com> wrote:

>>I'll bet many of you don't even realize IBM sold the majority of it's PC
>>division to a Chinese company called Lenovo.
>>The CEO etc are squealing with delight, while American workers are being
>>put out of work. BTW the FBI is invstigating this because of possible
>>espionage.
All of the checks and balances have already been done.

The DOJ and all of the other "big brother" agencies gave their blessings
for the Lenovo sale.

Well anything concerning GM is news but OTOH any time jobs are cut
through attrition it's not really news just jabber talk. Heck I was one
of those whose job was lost to attrition and proud of it.

11,315 days with GM was enough. Now I do what I want.
NOYK in Central Florida

Dana wrote:

> Things are not looking good, and IMHO that applies to American industry in
> general.
> So to you CEO's and major stockholders, keep offshoring jobs, losing
> control of our bread an butter industries (the ones that built America)
> and hopefully you'll enjoy your golden parachutes.
>
> This country is in serious trouble........

Nah. GM is bloated. Pontiac, Chevrolet, Buick, GM, GMC,
Cadillac, Daewoo, Saab...

They own so many brands and logos with so much overlap
that they could chop 1/3 of their entire line and nobody
would really notice.

And 1/3 is about what they are in the hole. So getting
leaner is exactly what they need to do to survive.