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In reply to the discussion: One GM Plant Closing in the US Means Very Little to the Company [View all]BumRushDaShow
(128,372 posts)19. Here
The Layoff Kings: The 25 Companies Responsible for 700,000 Lost Jobs
Douglas McIntyre, AOL.com
Aug 18th 2010 7:00AM
<...>
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.
<...>
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.
<...>
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/
Douglas McIntyre, AOL.com
Aug 18th 2010 7:00AM
<...>
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.
<...>
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.
<...>
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)
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Five are closing, and that means a hell of a lot to the people who are working there.
The Velveteen Ocelot
Nov 2018
#1
Don't forget impacts to the parts distributors, logistics, local restaurants, gas stations, etc.
TheBlackAdder
Nov 2018
#20
I think the protestations in the thread are more about the impact to the workers
BumRushDaShow
Nov 2018
#18
I think after Detroit went bust, auto companies started shifting their paradigm of production
ProudLib72
Nov 2018
#23
Who is arguing, from the perspective of the company, this is the end of the world?
LanternWaste
Nov 2018
#34
I love how Trump claims to be anti-global - but keeps saying "they're coming back"
hexola
Nov 2018
#7
The damn fool talks about globalization as evil, but he has businesses all over the globe. The guy
RKP5637
Nov 2018
#11
Try telling the 14,000 or so people losing their jobs how "very little" it means.
WillowTree
Nov 2018
#8
Thanks for sharing corporate logic with us. What's one plant closing in the US anyway? It's of...
brush
Nov 2018
#17
Warren Ohio will be devestated...there are not many jobs and now there will be fewer...so can we
Demsrule86
Nov 2018
#24
Probably not in Warren itself, no; people will need to move closer in to Youngstown or Pittsburgh
Recursion
Nov 2018
#28
Off subject a bit, but the rise in Health Care jobs is often hospice, home-care type jobs
libdem4life
Nov 2018
#31
Youngstown is 15 minutes from Warren...and Pittsburgh is over an hour over some of the worst
Demsrule86
Nov 2018
#36
Not every person can be a nurse or whatever...did you miss the part where I told you one of our
Demsrule86
Nov 2018
#40
Isn't this the deal that The Cretin was "demanding" that they stay in the US?
libdem4life
Nov 2018
#29
What amazes me is that his brand is global, yet he seems to understand nothing about
ProudLib72
Nov 2018
#32