GM laying off workers temporarily?

SmashMouth · 03-03-2012, 02:09 PM

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 GM’s 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!

foreverfan · 03-03-2012, 02:40 PM

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

QBREES9 · 03-03-2012, 09:26 PM

Not a dam word.

SloMotion · 03-04-2012, 08:03 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 · 03-06-2012, 12:57 AM

Hope your ok Slomotion.

SloMotion · 03-06-2012, 06:11 AM

Originally Posted by QBREES9

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 · 03-08-2012, 12:48 AM

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

03-03-2012, 02:09 PM	#1
SmashMouth I donated, did you? Join Date: Sep 2007 Location: Mandeville, LA Posts: 38,125 Blog Entries: 29	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 GM’s 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!

03-06-2012, 06:11 AM	#6
SloMotion 5000 POSTS! + Join Date: Jan 2012 Posts: 6,776 Blog Entries: 15	Originally Posted by QBREES9 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?

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03-03-2012, 02:40 PM	#2
foreverfan 12,000 BS Posts Join Date: Mar 2006 Location: Metairie, LA Posts: 13,457 Blog Entries: 5	Do you really believe anything you hear in the Main Stream Media anymore?

03-03-2012, 09:26 PM	#3
QBREES9 Moderator Join Date: Sep 2007 Location: New Haven Ct Posts: 23,985	Not a dam word.

03-04-2012, 08:03 AM	#4
SloMotion 5000 POSTS! + Join Date: Jan 2012 Posts: 6,776 Blog Entries: 15	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 ...

03-06-2012, 12:57 AM	#5
QBREES9 Moderator Join Date: Sep 2007 Location: New Haven Ct Posts: 23,985	Hope your ok Slomotion.

03-08-2012, 12:48 AM	#7
QBREES9 Moderator Join Date: Sep 2007 Location: New Haven Ct Posts: 23,985	yeah but it wasn't me. 81 year old lady from RI good for her !