I just saw GM will shutter plants for 9 weeks due to large supplies of cars and very slow sales.

I did not hear a time line but I am sure it will be Sping/Summer.

This is not any shocker I saw this coming a few months back and just was wondering when they would make the call.

I expect many other MFG to do the same as they also have great supplies and nowhere to put the cars.

 

Yup. Just heard it on the news as well.

 

As of 11:45 PM, April 22, .........http://finance.yahoo.com/news/GM-emp...6580.html?.v=5

 

Here is one of the major problems that has helped put GM in the situation it is in.

Thousands of GM workers could be laid off but would still get most of their pay because their United Auto Workers union contract requires the company to make up much of the difference between state unemployment benefits and their wages.

How much savings do they get from closing a plant when they have to continue paying the employees??

 

On Tuesday the 21st they terminated their entire field engineer staff. These are the tech guys who are called in to dealers that have a problem car that they can't get fixed.

Now EDS is going to supply the employees for this service.

Yeah I guess it will save GM money but EDS? What the hell will they know about fixing autos??? I feel sorry for the small town dealers that really need these guys.

 

Typical moves since they can fire guys like that but can't get rid of production line union workers. They have to cut money where they can but can't cut it where they need to cut it.

 

Very somber day yesterday at the Tonawanda PowerTrain plant. A lot of very talented and good people were fired.

 

From May to July/09.

 

Unfortunately, the group included my wife.

She's looking around for a job now ... has a phone interview tomorrow with General Dynamics out of Texas ... we'll see what happens from here on in.

 

I am very sorry to hear this Don. I wish her the best in her new job. I did not deal with her a lot, but the couple of times I did she was always very professional. I have never heard anyone say anything but nice things about her. This is GM's loss, and her gain in my opinion.