GM Plans to Cut 25,000 U.S. Jobs by 2008
http://news.moneycentral.msn.com/provid ... 9>1=6657
GM, in an effort to save itself, plans on cutting 25,000 jobs by 2008. what they don't mention is how they plan on getting the UAW to go along with this. GM has tried many times in the past to reduce jobs, but in order to do that they agreed to pay laid off UAW workers full pay...for not working. Before I get any feedback, I want to say I am a former GM employee (retired-union)
Not good news for the american economy, because it has the "domino effect" and 25,000 GM employees means well over 4 times that in support from various sources who supply GM and who GM depends on for support. This will have a significant effect on america in the hear future.
Now, on the other hand.....
http://news.moneycentral.msn.com/ticker ... ID=4160165
All Greenspan has to do is say everything is perfect with the economy and the stock market rises almost 100 points just today. It's amazing that one man's word can send people into a frenzy like he does, but one has to wonder if what Greenspan always says it true or not.
I guess the economy, like faith, is all in the hands of the beholder.