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SmashMouth 03-03-2012 01:09 PM

GM laying off workers temporarily?
General Motors (GM: 26.45, -0.02, -0.08%) will temporarily lay off 1,300 workers for five weeks at one of its Detroit plants.

The car maker confirmed to FOX Business Network that the layoffs will run from March 19 to April 23 and will coincide with halts in the production of GMs Chevrolet Volt and the Opel Ampera.
The company said the temporary shutdown and layoffs are an effort to match production with demand.
GM is less than three years removed from bankruptcy during which the company, once the largest car maker in the world, shed billions of dollars in debt and agreed to streamline its operations.
With help from a $50 billion government bailout, GM stayed afloat, sold shares in an initial public offering in 2010 and has started to turn a profit again.

Read more: GM to Temporarily Lay Off 1300 | Fox Business

Does that not contradict a recent story that they were hiring a bunch of people? And they just bought a 7% stake in Peugeot too! :confused:

foreverfan 03-03-2012 01:40 PM

Do you really believe anything you hear in the Main Stream Media anymore?

QBREES9 03-03-2012 08:26 PM

Not a dam word.

SloMotion 03-04-2012 07:03 AM

This hits so close to home for me ... my entire family, and I mean entire, has worked for General Motors at one time or another. It's all 'smoke & mirrors' and I will never trust General Motors again ...

QBREES9 03-05-2012 11:57 PM

Hope your ok Slomotion.

SloMotion 03-06-2012 05:11 AM


Originally Posted by QBREES9 (Post 383420)
Hope your ok Slomotion.

Oh yeah, thanks QB. I'm a "when life hands you lemons, make lemonade" kind of guy. This entire region has taken a beating while the automotive companies have tried to reinvent themselves, but there's some light at the end of the tunnel ... never be the same though.

On a lighter note, I just heard someone out by you just won a $383 million dollar PowerBall?

QBREES9 03-07-2012 11:48 PM

:) yeah but it wasn't me. 81 year old lady from RI good for her !

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