GM of Canada Job Cuts

[Keith Tedford]

I didn't start this thread to create an argument but most of these threads seem to end up that way. I was just pointing out that GM seems to be planning on cutting two thirds of their manpower out of the Canadian work force. That is huge. If they can do it now, why didn't they do it a few years ago? They might have actually been able to weather this economic storm had they taken action then. Most companies seem to be geared to full production to make money. Anything less and they are in the red. Let the big three go down and all of a sudden the supplier chain becomes distressed and they start going down. Then the successful companies like Toyota start getting a supply problem. It becomes a vicious circle that spirals outward. I certainly don't know what the answer is, but things aren't going to be pretty over the next 3-5 years for any of us.