GM Europe to Cut 12,000 Jobs

[leftchick]

http://story.news.yahoo.com/news?tmpl=story&u=/ap/20041014/ap_on_bi_ge/germany_gm_europe&cid=509&ncid=716


<snip>
The company said that 90 percent of the cuts would be made in 2005 and that the plan "provides for the majority of the cuts to be in Germany, with a heavy emphasis on managing and engineering."

However, it said negotiations with employee representatives would determine which of its 10 European manufacturing plants are affected.

"The details we must negotiate with our workers councils, beginning today — and we hope to have an agreement by the end of November," GM Europe spokesman Ruediger Assion said.

GM Europe currently has 62,000 employees.

[izzie]

1. Does anyone see this as a thing that just will not stop?

I keep telling my kids do not go into debt anymore Something is going on. I am old so sort of out of the mane stream but I have dropped almost all debts.