More Lucky Duckies
Jun 7th, 2005 at 2:06 pm by Susie
So if you’re not born into the right family, you’re SOL:
WILMINGTON, Del., Jun 07, 2005 (AP Online via COMTEX) — Addressing shareholders at the company’s annual meeting on Tuesday, General Motors Corp. Chairman and CEO Rick Wagoneer said it expects to close additional assembly and component plants over the next few years, and reduce the company’s manufacturing employment levels in the U.S. by 25,000 or more people between 2005 and 2008.
Wagoneer said the company expects these capacity and employment actions will generate annual savings of about $2.5 billion.
Why doesn’t anyone cover the other side of this coin?
GM is closing plants and cutting jobs in America in order to open the same thing up . . .
IN CHINA.
Meanwhile, Congress is full of rumors about a taxpayer-funded bailout for General Motors, which is “too big to let fail.”