Monday, November 21, 2005

30,000 Layoffs

General Motors revealed a plan to close plants and lay off 30,000 employees over the next few years with the explanation that they will save a lot of money because they really don't need that much production capability anyway.

Frankly I am shocked that more people aren't lining up to buy all those extremely low MPG vehicles that they insisted on investing everything in.

I am sorry, that was rather witchy of me. I am not surprised at all.

Of course the failed leadership will continue to be richly rewarded for their insistance on the oil industry enrichment program. Failed leadership, lack of vision.

Once again, it will be the employees and the shareholders who lose out.

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