LayoffBlog.com

February 8, 2009

GM may cut thousands of salaried workers

According to Bloomberg, Reuters: “General Motors Corp. (GM.N) is developing a plan to fire up to 5,000 salaried employees as it tries to cut costs by a March 31 deadline to keep $13.4 billion in U.S. government aid. The total could match the number of salaried positions GM slashed in 2008. The company will include the plan in a Feb. 17 progress report to the U.S. government”

November 20, 2008

Big Three auto CEOs flew private jets to ask for taxpayer money

According to CNN: “Some lawmakers lashed out at the CEOs of the Big Three auto companies Wednesday for flying private jets to Washington to request taxpayer bailout money. There is a delicious irony in seeing private luxury jets flying into Washington, D.C., and people coming off of them with tin cups in their hand, saying that they’re going to be trimming down and streamlining their businesses,” Rep. Gary Ackerman, D-New York, told the chief executive officers of Ford, Chrysler and General Motors at a hearing of the House Financial Services Committee.”

According to CNN: “The downfall of one of the Big Three could cost as many as 3 million jobs and $60 billion in the first year, report says.

According to LayOffBlog: “WTF?

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