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Old 06-07-2005, 10:47 AM   #1
Soon2bSubbieowner
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Default GM to cut 25,000 jobs by '08

GM to cut 25,000 jobs by '08

CEO says automaker plans unspecified number of plant closings.
June 7, 2005: 9:29 AM EDT

NEW YORK (CNN/Money) - Embattled automaker General Motors Corp. anticipates an unspecified number of plant closing in the next three and half years to cut U.S. employment by 25,000 workers, Chairman and CEO Rick Wagoner told shareholders Tuesday.

The head of the world's No. 1 automaker did not give any details other than to say GM needs to cut capacity by the end of 2008.

He said the company's goal is to trim U.S. capacity so that the company gets to 100 percent utilization or better.

GM also announced plans to buy more components from suppliers outside the United States, and reported it couldn't yet be sure if it would win needed health care cost reductions from the United Auto Workers union.






Thats alot of jobs.



-Rob
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Old 06-07-2005, 10:56 AM   #2
quentinberg007
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So that is how they can afford to give out the employee discount... they won't have enough employees left to use that portion of the budget.

~~Quentin
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Old 06-07-2005, 10:59 AM   #3
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Dey turk der jurbs!
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Old 06-07-2005, 10:59 AM   #4
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Dumb ****ing union workers.

I can't wait till they revolt and get the media's attention as they try to explain to us that they are 'entitled' to these good paying non-education requiring jobs that thier father had, and they were hoping to pass onto thier sons. Dumb ****s think they can flunk outta highschool and be guaranteed a job at the local Fisher Carraige plant.

NO!

I hate unions.
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Old 06-07-2005, 11:03 AM   #5
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At the Track

Well there's a suprise. GM has cut too many corners for too many years in automobile production. The Cobalt is a step in the right direction, but it's too little too late. GM is a decade behind in hydrid technology. GM has nothing that can compete in the sport compact segment.

The only thing GM makes I would want is a Corvette, hopefully that doesn't cease to exist when GM does..
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Old 06-07-2005, 11:05 AM   #6
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Quote:
Originally Posted by WRXedUSA
Dumb ****ing union workers.

I can't wait till they revolt and get the media's attention as they try to explain to us that they are 'entitled' to these good paying non-education requiring jobs that thier father had, and they were hoping to pass onto thier sons. Dumb ****s think they can flunk outta highschool and be guaranteed a job at the local Fisher Carraige plant.

NO!

I hate unions.
ja, I'm schwichu
What's even funnier is how noone I've talked to knows that unions are a big problem.

DRum
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Old 06-07-2005, 11:06 AM   #7
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Toyota corporate in Japan is probably taking the day off after hearing this.

chris619
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Full_Clip needs to buy their sharese pronto.
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Old 06-07-2005, 11:07 AM   #8
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It's going to be a difficult balance. On the one hand, you could say that GM has to accept that they'll never sell as many cars as they did and they just need to shrink. However, right now, each employee is supporting 2.5 retirees from "the good ol' days". So firing people is just going to increase that burden and lower profitability. I don't think a complete portfolio of good cars could save them.

Talk about a rock and a hard place...
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Old 06-07-2005, 11:07 AM   #9
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Quote:
Originally Posted by WRXedUSA
Dumb ****ing union workers.

I can't wait till they revolt and get the media's attention as they try to explain to us that they are 'entitled' to these good paying non-education requiring jobs that thier father had, and they were hoping to pass onto thier sons. Dumb ****s think they can flunk outta highschool and be guaranteed a job at the local Fisher Carraige plant.

NO!

I hate unions.
GM's problem is not the unions, it's their management and engineers. Any engineer that designs a car requiring you to remove a headlight to change the battery is substandard. Any bean counter that decides 8 tin rivets are all that's needed to hold up a window that an engineer wanted 12 stainless steel rivets in is a bad bean counter. Any company leader that can't see that the market is moving towards hybrids and sport compacts is a bad leader. GM has a whole **** load of problems, union workers are a small part of those problems.
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Old 06-07-2005, 11:07 AM   #10
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"Cut US employment"

Over seas they go, i see another Michael Moore/Flint Michigan movie in the near future. Oh well, GM sucks anyway, Corvette is only car they got that i like, which is sad considering all the models they produce.
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Old 06-07-2005, 11:09 AM   #11
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Quote:
Originally Posted by Corn-Picker
The only thing GM makes I would want is a Corvette, hopefully that doesn't cease to exist when GM does..
Well ****, the only Dodge Full_Clip wants is the SRT-4 and the only Ford he wants is the GT40. People like you are the ones that say "omfg Toyota stopped selling the Supra!!!! Toyota sucks!!!" GM's problem is that their cars are below the standards of the Japanese and they have to basically give away their SUVs to keep the Jap SUVs at bay. GM's only saving grace are the cars they have from buying out other companies, such as the new Cobalt platform, Holden vehicles.

chris619
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Full_Clip would take an SRT-10 if offered.
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Old 06-07-2005, 11:16 AM   #12
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Quote:
Originally Posted by Full_Clip
Well ****, the only Dodge Full_Clip wants is the SRT-4 and the only Ford he wants is the GT40. People like you are the ones that say "omfg Toyota stopped selling the Supra!!!! Toyota sucks!!!" GM's problem is that their cars are below the standards of the Japanese and they have to basically give away their SUVs to keep the Jap SUVs at bay. GM's only saving grace are the cars they have from buying out other companies, such as the new Cobalt platform, Holden vehicles.

chris619
dr_wheel


Full_Clip would take an SRT-10 if offered.
Yeah, the only GM car I would want is the Corvette, because that's the only one that's above the standards of the Japanese. How does that make me anything other than a responsible consumer? And who did GM buy the Cobalt platform from?
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Old 06-07-2005, 11:28 AM   #13
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At that rate, it's 22.8 people they have to fire each day. "you're fired, you're fired, you're fired... you... you're fired tomorrow morning at 9am"
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Old 06-07-2005, 11:36 AM   #14
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Quote:
Originally Posted by Corn-Picker
GM's problem is not the unions, it's their management and engineers. Any engineer that designs a car requiring you to remove a headlight to change the battery is substandard. Any bean counter that decides 8 tin rivets are all that's needed to hold up a window that an engineer wanted 12 stainless steel rivets in is a bad bean counter. Any company leader that can't see that the market is moving towards hybrids and sport compacts is a bad leader. GM has a whole **** load of problems, union workers are a small part of those problems.

I dunno, a recent program "Meet the Press" this weekend tied most of GM's problems to Unions, especially at thier Opel Plant in Germany and the Saab facility in Gothenburg/Malmo, let alone thier current and ongoing negotiations with the UAW stateside. Just think, unions are outmoded. The DoL can do what most of what the union protects. Think of businesses that are highly unionized (Railroads, autoworkers, airlines, etc.). Since GM alone adds $.01 of every dollar than moves in our economy, this is a big deal. If GM can't muster the R&D money, where can they get money? Shoring up union benefit packages? Legal fees? Mediation charges? I'd hate to know the budget GM has just to entertain these lunatics.

GM is doing good things and bad things, so we can't chastise them like of late.

Good things:
1. Cadillac brand
2. Saturn brand
3. Cobalt
4. Truck division
5. Allison- Powertrain systems
6. GM-EMD Motive power

Bad things:
1. Pontiac Brand
2. Buick Brand
3. Chevrolet Cars
4. Saab Brand
5. Vauxhall/Opel Brands
6. Vibe/GTO's
7. Lack of hybrid commitment
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Old 06-08-2005, 12:29 PM   #15
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With the discount you can get a Saab 92X Aero for under 20G.
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