kinda scary

[snickers1]

Tweetwho ever gets elected i just hope as soon as the election is over it spikes something positive
Job cuts: Who's next

https://money.cnn.com/2008/10/27/news...ion=2008103012

[deepsouth]

Tweetwell its going to get worse before it gets better. I just hope the polls are wrong

[daved150]

Tweetwell...i can tell ya, when gm gets this deal put together with chysler, you can kiss 40k jobs goodbye!!! it's gonna happen, and it's gonna happen SOON!!!

say bye-bye to dodge trucks!!! the only thing gm plans on keeping is the jeeps and the mini-van
challenger, gone
charger, gone
300m, gone
all the other chrysler turds, gone
40k jobe...GONE!

[Waterboy]

TweetRead an article on the CM-Chrysler merger tonight. They want the Feds to "Loan" them 10 billion to make it happen. Thensaid they would strip out all redundant jobs and use Chryslers 11 billion cash reserve to run GM untill 2010. Thus hoping that GM would then be on solid ground.
The Feds are very reluctant to loan GM the money. GM's concession was to let the Feds have a share of the compnay.
As of now, it doesn't look good for GM getting any money from the Feds.

[dixiechick]

TweetYou can add the carpet industries cut backs to those number. Some facts about the carpet industry:

• 70% of the USA's flooring is carpet.
• Total industry shipments (2005) totaled 2.057 billion square yards (18.5 billion square feet) or $13.9 billion at the mill level. (In 1950, industry shipments were 97 million square yards.)
• 50% of the world's carpet is manufactured in the USA.
• Eighty percent of the U.S. carpet market is supplied by mills located within a 65 mile radius in north Georgia.
• The manufacturer in Georgia with the largest number of employees is a carpet manufacturer.
• The four largest carpet companies are headquartered in Georgia, and eight of the largest 13 carpet companies are headquartered in Georgia.

Yesterday one of those manufactures announced they they are laying off 3% of their employees. This does not include the 600 people have been laid already this year. Plus last year various mills laid off 2-3% of there people. Our sister company was sold off to a company in CA and all employes lost their jobs. The unemployment rate was already at 7.5% last month.

This is such a scary time... no ones job is safe.