Friday, May 22, 2009

GM to lay-off 3,400 White Collar Workers

According to the Detroit Free Press, General Motors is going to be letting go 3,400 additional white collar workers in the coming weeks.

Things are going tough for GM, as their market share dropped to below 20% (from 50% decades ago)---and a pending bankruptcy in a couple of weeks... My guess is that you'll be seeing more job losses in the auto sector as GM and Chrysler go through bankruptcy---hurting their dealer base and supplier organization.

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