AUTO WORKER BLOODBATH - 20,000 domestic 27,000 international layoffs and 14 plant closings at GM, 3,000 layoffs at Chrysler, and United Auto Workers agrees to “competive” wages of less than $ 14/hr
Posted on February 17th, 2009 by Life Insurance News
from the NEW YORK TIMES: G.M. Raises Loan Request by $12 Billion Jeff Kowalsky/Bloomberg News Rick Wagoner, chairman and chief executive officer of General Motors, announced the company’s viability plan. By BILL VLASIC and NICK BUNKLEY DETROIT — General Motors told the federal government Tuesday that it needed to increase its loan request to $30 billion, $12 billion more than it had initially sought, to avoid a bankruptcy filing. G.M. said that it need
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