GM Will Slash 1,000 More Jobs

[Omaha Steve]

http://www.laborradio.org/node/11943

General Motors plans to slash 1,000 salaried jobs by the end of the month. The announcement comes after 1,900 non-union workers accepted an early-retirement package. The buy out provided senior workers with a stronger benefits package and newer employees with up to six months pay and benefits. On Friday the company sent out a message to some workers that a pay cut implemented in May that shaved anywhere from 3 to 7 percent off of white collar wages would be restored as of the first of this month. GM said it is making the move after letting go of so many employees so it can retain those who stayed behind.

[liberal N proud]

1. Announcement comes on the eve of President Obama's visit to a GM Plant

The President is to be in Lordstown Ohio on Tuesday at a local GM facility.

[Omaha Steve]

3. We bought a Cobalt made in Lordstown 3 weeks ago

I'm getting 30 miles per gallon combined driving on 10% ethanol fuel. I love my Cobalt 2 door coupe. Dark blue metallic.

[dipsydoodle]

2. Perverse really

The US taxpayers own 60% of GM : http://jalopnik.com/5274260/who-owns-the-new-gm

[Craftsman]

4. But they are hiring in China.

Opening new plants.