Ford to lay off 15,000, GM saves 2700 jobs

External Since: Jan 28, 2006 Posts: 10

The GM plant in Ontario will (instead of being closed) produce the new
Camaro, saving approximately 2700 jobs though they will lose some of
the total number now employed.
Ford's 20% production reduction is likely to mean the layoff (perhaps
permanent) of up to
15,000 employees.

External Since: Jan 08, 2006 Posts: 52

wrote in message

> The GM plant in Ontario will (instead of being closed) produce the new
> Camaro, saving approximately 2700 jobs though they will lose some of
> the total number now employed.
> Ford's 20% production reduction is likely to mean the layoff (perhaps
> permanent) of up to
> 15,000 employees.

GM is legally obligated to use the Canadian plant as they previously had for
the Camaro Firebird.

It is sad to see how poorly Ford's stocks are doing. They actually are a
bargain deal for anyone to buy. I was reading how Ford might go private and
now that the stocks are cheap enough can easily be done.