GM cuts 30,000 jobs.

  1. DETROIT - General Motors Corp. will eliminate 30,000 jobs and close nine North American assembly, stamping and powertrain plants by 2008 as part of an effort to get production in line with demand and position the world's biggest automaker to start making money again after absorbing nearly $4 billion in losses so far this year.

    The announcement Monday by Rick Wagoner, GM's chairman and CEO, represents 5,000 more job cuts than the 25,000 that the automaker had previously indicated it planned to cut. United Auto Workers union leaders called the cuts "extremely disappointing, unfair and unfortunate."

    Full Story

    I'd say I saw it coming. GM took $4 bn. in losses this year if I recall correctly. Can't be operating like that for long!
    •  
  2. 13 Comments

  3. by   VeryPlainJane
    Ford is also cutting 4,000 jobs…boy the economy is just rolling along!

    http://www.heraldsun.news.com.au/com...E23109,00.html
  4. by   Turd.Ferguson
    Quote from VeryPlainJane
    Ford is also cutting 4,000 jobs...boy the economy is just rolling along!
    Very sad. Between GM and Ford that's 34,000 families losing a good income.

    I bought my first new car - a Chevrolet - in 1985. I only put about 7,000 miles per year on a car. Within six years (40-50,000 miles) the car was shot. The GM dealer told me that model car just had some problems.

    I went that year (1991) and bought a Toyota Corolla. 14 years later and it's as good as new. A couple of years ago my daughter turned 16. We bought her a 1995 Toyota Camry with 239,000 (!) miles on it. These are not unusual stories for Toyotas.

    American automobile manufactures raked in the money in the 1980's and early 90's while making poor-quality cars. They lost me as a customer. That's the way they lost many customers; one at a time.

    It's not the economy. Cars are selling. It's just that GM and Ford have to lose money on each car before many people will buy them. Until they make cars that are so desirable that people are willing to pay top dollar, they will be unable to take back the market share that Toyota et al. have gained.

    Again, it's very sad. American engineers are as good as anyone in the world and can make high-quality products. Management has stifled quality over the years and now they're reaping the consequences of mismanagement.
  5. by   Spidey's mom
    Quote from Turd.Ferguson
    Very sad. Between GM and Ford that's 34,000 families losing a good income.

    I bought my first new car - a Chevrolet - in 1985. I only put about 7,000 miles per year on a car. Within six years (40-50,000 miles) the car was shot. The GM dealer told me that model car just had some problems.

    I went that year (1991) and bought a Toyota Corolla. 14 years later and it's as good as new. A couple of years ago my daughter turned 16. We bought her a 1995 Toyota Camry with 239,000 (!) miles on it. These are not unusual stories for Toyotas.

    American automobile manufactures raked in the money in the 1980's and early 90's while making poor-quality cars. They lost me as a customer. That's the way they lost many customers; one at a time.

    It's not the economy. Cars are selling. It's just that GM and Ford have to lose money on each car before many people will buy them. Until they make cars that are so desirable that people are willing to pay top dollar, they will be unable to take back the market share that Toyota et al. have gained.

    Again, it's very sad. American engineers are as good as anyone in the world and can make high-quality products. Management has stifled quality over the years and now they're reaping the consequences of mismanagement.
    I agree with this . . . both my sons drive Honda Civics with high mileage.

    Of course, we are driving a Chevy pickup - which I love.

    A Chevy Suburban saved my #2 son's life but that is an old story for most of you.

    There are some good American cars.

    But you are right - it isn't the economy.

    steph
  6. by   Someday-C.R.N.A.
    Quote from Turd.Ferguson
    Very sad. Between GM and Ford that's 34,000 families losing a good income.
    There are MANY more people involved than that. I personally shipped 132,000 pounds of steel to Delphi today.

    This goes WAY beyond just the workers @ GM, Ford, or Delphi. There are all the folks in the steel mills (like myself), the workers at all the other parts factories, the truck drivers, etc., etc..

    Not good.
  7. by   weetziebat
    Was it really necessary to do it right at this particular time of the year? Hey, guys, Happy Thanksgiving!
  8. by   Jessy_RN
    Sad news.........
  9. by   Turd.Ferguson
    Quote from stevielynn
    A Chevy Suburban saved my #2 son's life but that is an old story for most of you...
    steph
    I'd like to know the story, if you can relate it here or tell me where I can find it!!! A wonderful story is good for the soul.
  10. by   fergus51
    I don't feel sorry for these companies anymore. If they would build good products, people would buy them. I feel sorry for the workers though. My friend's dad in Ontario is losing his job.
  11. by   Roy Fokker
    The head of the one of the unions at GM said the same thing - GM needs to design cars that will sell.

    Personally, I wouldn't mind driving an old Plymouth Roadrunner.



    Or a '72 Hemi 'Cuda



    My current car right now is a Plymouth Neon - 1996, 100000 miles or so. Cost me a bunch to fix it up - but its running fine since then. Minor issues like head gasket leaks and other minor irritations notwithstanding.

    My problem with Hondas are that they are prohibitively expensive to maintain - their parts aren't cheap. I'm not too fond of Mitsubishis or Toyotas either -- personal dislike, that's all.
    Last edit by Roy Fokker on Nov 23, '05
  12. by   Spidey's mom
    Quote from Turd.Ferguson
    I'd like to know the story, if you can relate it here or tell me where I can find it!!! A wonderful story is good for the soul.
    My son took our Suburban out for a joyride after I had gone to bed. He picked up a female friend and let her drive. She was driving way too fast, lost control and they rolled side to side and then end over end, landing on the roof. Neither one was wearing a seatbelt. The passenger compartment was completely intact but the rest of the car was totaled. My son pulled her out from under the steering wheel and over to the side of the road and ran 1 mile to the nearest ranch and got help from some friends of ours. He needed stitches on his lower back - she had a concussion.

    Needless to say I was furious . . . relieved they were ok.

    I wrote to Chevy about it and thanked them for making such a solid automobile.

    steph
  13. by   Turd.Ferguson
    Quote from stevielynn
    My son took our Suburban out for a joyride after I had gone to bed. He picked up a female friend and let her drive. She was driving way too fast, lost control and they rolled side to side and then end over end, landing on the roof. Neither one was wearing a seatbelt. The passenger compartment was completely intact but the rest of the car was totaled. My son pulled her out from under the steering wheel and over to the side of the road and ran 1 mile to the nearest ranch and got help from some friends of ours. He needed stitches on his lower back - she had a concussion.

    Needless to say I was furious . . . relieved they were ok.

    I wrote to Chevy about it and thanked them for making such a solid automobile.

    steph
    Thanks. That's a good ending to a possible tragedy!
  14. by   renerian
    This is a very sad story for me. I have had so many people lose their jobs in the automotive industry. Being originally from the NW Ohio area/car and car related manufacturing is "it".My ex lost his job, my brother, my ex father in law, my uncle, several friends etc. It is very sad.

    I have a tracker now 99 convertible and love it with almost 170,000 on it.

    renerian

close