Labor & Economic News Blog


Monday, November 03, 2008

GM Chrylser Deal Would Cause Massive Layoffs

GM Chrylser Deal Would Cause Massive Layoffs
Dollars & Sense
As sales at US automakers continue to fall through the floor, Chrysler and GM are trying desperately to hammer out a merger as their sales and cash reserves evaporate. They are currently seeking $10-12 billion dollars in government support to cover merger-related expenses. It's unclear how the merger of two money-losing companies would combine to make a profitable one.

 



<< Blog Home

 

This page is powered by Blogger. Isn't yours?