Funky Cars > GM to Cut 25,000 Jobs
[Drivers Drive: An Automotive Blog With Car News and Resources] (GM) said it plans to cut 25,000 manufacturing jobs in the U.S. between now and 2008. The layoffs follow GM's very dissapointing first quarter loss of $1.3 billion. GM will also close plants as part of its large scale plan to cut costs.
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Some slightly related from Technorati and Google.
[Economic Development Futures Web Journal] TIME Retrospective: Honda Picks Ohio: Some time this year, Honda will start to build a $200 million auto plant next to the motorcycle factory that it has been operating since last September outside Columbus. Stressing that "the quality of U.S. labor has proved on par or even better than that of ours," Kiyoshi Kawashima, president of Honda, said that the company at first will employ some 2,000 American workers and import engines and other components from Japan. Beginning in 1983, the firm will turn out 10,000 Ohio-built cars a month, roughly a third of its 1979 U.S. sales.
[The Left Coaster] Bayh GM!: He's been amassing GM shares, leading to speculation he could lead a takeover of the automaker and oust Wagoner and his executive staff. While GM's stock is worth less than $20 billion, its various elements such as Allison Transmission in Indianapolis, OnStar safety network and its pickup truck plants could be sold off in pieces by Kerkorian, bringing in more than $70 billion. "What GM in effect is telling the union is, with Kerkorian in the picture, who would you rather deal with, Kerkorian or us?" said David Cole of the Center for Automotive Research, a think tank in Ann Arbor, Mich.
[Koranteng's Toli] Strange Days: And Toy Story figures collected from Frosted Flakes cereal boxes (I never got much past Corn Flakes and Weetabix), lying alongside some of my Aburi masks (from that long tradition of wood carving in my native Ghana, laid out on top of a "Babablanket', those Adrinkra-decorated patch quilts of lush cotton, make for literal Strange Bedfellows (I have filled up almost every usable inch of my walls with paintings and masks - contributing to the exasperation of The Girlfriend - so these 3 haven't found a home yet). Said Girlfriend was wondering about my sanity when she happened upon these photos.
[Blog.lawinfo.com] LawInfo Blog: Attorney Links, Lawyer Websites, Locating Law Firms ...: Wagoner revealed the cutbacks as he laid out a four-step strategy to invigorate GM’s North American operations, its biggest and most troubling part. Already this year, GM’s U.S. market share has fallen from 27 percent a year ago to 25.4 percent, much of the loss at the expense of Asian automakers such as Toyota Motor Corp. and Nissan Motor Co.
[Detnews.com] GM to delay mass layoffs at NJ assembly plant - 01/27/05: The layoffs, scheduled for Feb. 7, now will take place April 25 so remaining orders can be filled for the Chevy Blazer and GMC Jimmy models, which the automaker is discontinuing.
[Blameindiawatch.blogspot.com] Blame India Watch: In his keynote, Bloom didn't say anything about layoffs, but he did address the enterprise storage company's commitment to research and development and to innovation via investment and through mergers and acquisitions.
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