It is not a highly detailed article as it treats the numbers and dollar signs in the broadest of strokes.
We suspect an article of this nature would greatly influence the debate on the government's role in attempting to resurrect GM. Rejecting or passing a bailout for GM is a very heavy decision.
UK Guardian: Crash of US carmakers risks three million jobs
"Nearly three million jobs would be lost in the first year if there was a 100 per cent reduction in Big Three US operations..." Cole said. (head of the Centre for Automotive Research (CAR), an influential Detroit think-tank)
...35,000 jobs will be lost if the government intervenes to save the industry.
Job losses among suppliers of car parts and car sales companies, as well as those on the production lines, would be compounded by a massive drop in taxes and consumer spending power that would further cripple the already hobbled American economy.
3 comments:
I'd like too know how they fig. 3 mil. and 35K if it's bailed out? Personally, i think they're making these numbers up. Here's the problem they've already failed. Nobody is buying cars because why buy one from a company that won't be around to provide parts , service etc. Plus, the car companies still don't get it do they? Watch their TV ads some time. They are obviously living in BV$Hworld or some other alternative universe.
What's interesting to me here is that this is the first time I've seen a number like millions of people unemployed as a result of a big three failure. We are seeing 10K laid off, 30K laid off etc but millions - its the trifecta of unemployment. Exactly what do the country's managers know. How bad is this thing going to get.
They know and don't care. No connection exists between the Management of these companies and the rank and file anymore. The Management is all about itself and screw anyone who thinks they can change their kultur! This is the top down world BV$Hworld has wrought.
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