Comments on: GM to cut 10,000 jobs globally

By: Spitfire

Spitfire — Wed, 18 Feb 2009 01:22:32 +0000

Just heard on ABC Radio The World Today Programme, Rick Wagoner has stated that GM’s financial situation is more dire than previous stated and that 37,000 jobs will be cut world wide.

By: Cupid Stunt

Cupid Stunt — Wed, 11 Feb 2009 13:00:10 +0000

“Many other salaried workers will have their pay reduced by 3 percent to 7 percent”

Don’t you mean 3 to 7%. Sorry being captain finickity.

Job cuts…sounds about right to me, most brands have been over producing for years, discounting cars to fleet buyers at the expense of private buyers. Why any private buyer would pay top wack for a new car when the fleets get them at a discount, to find the discounted price undermines the privateers resale value. They had it coming, they deserve it. No sympathy for the Co’s only their unemployed workers. Bad Management all round.

By: JEKYL & HYDE

JEKYL & HYDE — Wed, 11 Feb 2009 10:16:40 +0000

its over here too people,

apparently holden has just canned its “guild”.this was a big dollar reward weekend for its top salespeople.the reason,the us bailout.fishy bend’s production schedule for 09 looks a bit like swiss cheese,with output slightly worse than an average public service building on a friday arvo.very grim folks…

By: Joober

Joober — Wed, 11 Feb 2009 08:14:49 +0000

The Bust and Boom cycle is regular but you can attribute it to every 8 years. Agree with frontman, getting on with your life is the only thing you do, companies go broke, others and news ones take its place, learn from the past mistakes, and the next recession could be catalysed from another nature…

Though, Debt is a major factor to stimulating the current recession, there needs to be more regulations around this (especially in the US) Many lenders or agents rely on Commission, which breeds greed lending to incapable individuals.

By: Bavarian Missile (.)(.)

Bavarian Missile (.)(.) — Wed, 11 Feb 2009 07:33:46 +0000

Sorry,good to see you watching Alborz : )

By: alborz

alborz — Wed, 11 Feb 2009 07:20:52 +0000

Keep On topic please

By: Frontman

Frontman — Wed, 11 Feb 2009 07:11:01 +0000

Nah just can’t afford a dog “HOUSE”

By: Bavarian Missile (.)(.)

Bavarian Missile (.)(.) — Wed, 11 Feb 2009 06:42:54 +0000

hahaha You live in a box Frontman ? Perhaps you should call yourself “Jack”.

By: Frontman

Frontman — Wed, 11 Feb 2009 06:13:58 +0000

I see a bust everytime BM makes a comment……….. (Okay I’ll get back in my box )

By: The Salesman

The Salesman — Wed, 11 Feb 2009 05:41:27 +0000

Exactly BM. Look at the fear it has installed into the world. Here’s an oldie. F.E.A.R False. Expectations. Appearing. Real. I would be disappointed if I didn’t see a bust every few years, it’s just a part of the economic turn around.