GM to cut jobs and close facories AGAIN

Remember this post that I made almost one year ago? Its about Michael Moore's first documentary, Roger & Me. Moore made the film after GM had announced a cut in 30,000 jobs and closing of about 11 factories, to try to boost profit that they hadn't been making.

Well now its happening again.

From AP via Yahoo!:

DETROIT - General Motors Corp. will eliminate 30,000 jobs and close nine North American assembly, stamping and powertrain plants by 2008 as part of an effort to get production in line with demand and position the world's biggest automaker to start making money again after absorbing nearly $4 billion in losses so far this year.

[...]

"But these actions are necessary for GM to get its costs in line with our major global competitors. In short, they are an essential part of our plan to return our North American operations to profitability as soon as possible." [said GM's chairman, Rick Wagoner]

Its not just a problem that GM is dealing with, another American company is about to cut jobs.

Last week, Ford Motor Co. told employees it plans to eliminate about 4,000 white-collar jobs in North America early next year as part of a restructuring plan. Ford said the cuts will be made in part through attrition and elimination of some agency and contract positions.

[...]

The cuts will be in addition to 2,750 North American salaried jobs that Ford earlier said it wanted to cut by the end of 2005. Ford started the year with about 35,000 salaried workers in North America.

click here for all of it

Once again, blue collar employees are being laid off for problems that aren't their fault. Where are all these people going to go? 30,000 will be out of work. There's a big sand pit out in the middle east where I'm sure our president would be happy to see them put to work, but now I'm just rambling.

American companies suck.