Posted on 06/07/2005 by pistons_fan
Viewed: 637 times
WILMINGTON, Del. - Addressing shareholders at the company's annual meeting on Tuesday, General Motors Corp. Chairman and CEO Rick Wagoneer said it expects to close additional assembly and component plants over the next few years, and reduce the company's manufacturing employment levels in the U.S. by 25,000 or more people between 2005 and 2008.
Wagoneer said the company expects these capacity and employment actions will generate annual savings of about $2.5 billion.
The article went on to say...
"Let me say up front that our absolute top priority is to get our largest business unit back to profitability as soon as possible," Wagoner said.
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Hand that man a Nobel Peace Prize for his humanitarian work!
This will no doubt apply to me as I am one of the lucky 25,000. Here's an extra 25,000 people out jobless for you America! Where do they expect us to go? And what kind of cars do they expect us to drive? I can't stand companies!!!!!
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