Articles tagged with: Recession
Posted in Automobiles on 28 April 2009
Try to escape from being bankrupt as the last veteran of the U.S. car company General Motors [GM] of a new restructuring plan. Under which many of the steps through Karjo and will bring a reduction in costs.23 according to the plan GM will lay off thousands of employees.Year 2011 the company’s number of employees decreased compared to the current 61 thousand to 38 thousand will be left. At the same time, the number of dealers in the U.S. The company also will be a reduction of 3 thousand.
The year 2010 by GM Pontiak your brand from the market has decided to remove. However, the administration of President Barak Obama by the company to bring an effective restructuring plan in June to have the time. After this, the company will be declared bankrupt.
Disclosure of its new restructuring plan, the GM said that the company through the various steps in the 44 billion dollars Karjo lack of will. In addition, company executives at the level of pay and a reduction in employment is also planned.
Recession of the government to kill Ubarne from GM to help the nearly 20 billion dollars has been provided. The company sought help from the government and, although the support of Barak Obama has refused.
