One GM Plant Closing in the US Means Very Little to the Company

[BumRushDaShow]

19. Here

The Layoff Kings: The 25 Companies Responsible for 700,000 Lost Jobs

Douglas McIntyre, AOL.com
Aug 18th 2010 7:00AM

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1. General Motors
Number of jobs cut since recession began: 107,357

The entire auto industry felt the pain of the recession -- U.S. car sales dropped from an average 16 million a year in 2005 to 11 million in 2009. GM was especially hard hit, forcing it to cut tens of thousands of workers. The largest layoffs came in February 2009, when the company let go of 50,000 people -- almost 20% of its workforce. Those cuts, however, weren't enough to keep the company solvent. GM ended up filing for Chapter 11 bankruptcy protection four months later.

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18. Ford Motor (F)
Number of jobs cut since recession began: 15,912

Like many other automakers, Ford felt the pain of nosediving sales. Not only did the company have to cut workers at its core business but also at its Ford Motor Credit unit, which recorded a net loss of $228 million in the last quarter of 2008. The company also had to write down $2.1 billion in leases and car loans.

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25. Chrysler
Number of jobs cut since recession began: 13,672

The bad fortunes of the car industry caused the third-largest U.S. carmaker to lay off 12,000 people in late 2007. Later, the company fired another 5,000 employees -- or about 25% of its salaried workers. Unfortunately, even after all those cuts, Chrysler still filed for Chapter 11 bankruptcy protection.

https://www.aol.com/2010/08/18/the-layoff-kings-the-25-companies-responsible-for-700-000-lost/

(sorry for the AOL link but they had a good summary)