From CNN.Com
GM to Cut Jobs, Suspend Dividend, Cut Healthcare to Non-Salaried Retirees
Beleaguered automaker also plans asset sales, aiming for $10 billion in 'cash improvements' by 2009. CEO Wagoner says 'difficult decisions' necessary for survival.
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I have ZERO tolerance for this. It's utter bull shit.
It's a PRIME example of piss poor corporate vision and management.
Yes, it takes years to tool up production lines - I work no where near this industry and I know that. So what - the people in charge of this company's planning didn't see this coming? At ALL?
Yes, they did .. but their interest was in making trucks & SUV's. It was to lie to themselves and the consumer by saying "Oh, we are just fulfilling demand." That's a cop out, and now thousands of people ...THOUSANDS of employees are adversely affected by greed, ignorance and irresponsible business practices.
YOU DIDN'T SEE THIS COMING????
This is a significant part of why this country and it's economy is shit right now. No forward thinking. No PRACTICAL planning.
And I have no tolerance for it.
This will be repeated over and over and over in the coming months and years - and this country's citizens, and elected officials and business leaders have proven that they don;t care to think ahead, for the benefit of all.
Seriously. Fuck 'em.
Tuesday, July 15, 2008
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