GM - job losses

[jphanna]

Just heard an announcment on the radio about 50,000 job losses (26,000) outside of USA) for GM.

For those that are involved with Holden's here, (or the companies that support holdens with components), i hope that you can avoid any bad news in the short or long term. If you are unfortunate enough to be caught up in this, then i hope that you can quickly find your feet...

[greenacc]

about 60 people were retrenched at my work this week... thank god not me.
thats the problem with the credit crunch , 1 minute things are OK, next minute BANG.

[Full Spectrum]

I know people look and think, GM omg Holden is ****ed. But it's not really the case. Holden is very important to GM but to many world wide. So if GM did ever go under, I'm sure a buyer would take Holden up.

Really it's about time GM learnt how to run a business. Now they are on deaths door, It might be to late for them.

[garth]

holden wotn go under, it's profitable in australia, might i add i base that comment on absoultely nothing, just sounds good


but yeah, gm need to learn a hard lesson, weather they do or not, who knows, need to build cars that people actualy want.

[StockoVRWagz]

Ive been in the car industry since 2004. I just quit my full-time job for a casual job last week. I really wanted to hold onto fulltime employment, but going 2 weeks with no pay isn't going to work. Also working for 5 days in April is not going to pay the bills. Got out while I could and before more people leave and try and find other work.

[Full Spectrum]

but yeah, gm need to learn a hard lesson, weather they do or not, who knows, need to build cars that people actualy want.

So true. The GM world needs less hummers and fwd large cars. And more Torana type cars..

[jules]

holden wotn go under, it's profitable in australia, might i add i base that comment on absoultely nothing, just sounds good.

holden relies heavily on GM platforms and know how to develop commodore in australia. if GM goes under, holden couldn't operate independently. maybe someone else would buy it though. Hyundai-Holden perhaps?

[Full Spectrum]

holden relies heavily on GM platforms and know how to develop commodore in australia. if GM goes under, holden couldn't operate independently. maybe someone else would buy it though. Hyundai-Holden perhaps?

I think it's around the other way. Many years ago GM went FWD crazy. And what they thanked was Holden as they found out they were still doing RWD cars.

To me GM just ****s it all up when they but their noses into things. And i wouldn't mind Hyundai buying Holden, They only need a parent to continue, But GM won't let them go unless they fold, Which might be to late.

[TUF UTE]

holden are hoping there new FWD economy car will save there ass, if anything happens it wont happen for years. my brother and about 15 people i know work at elizebeth and theyr all off work cause holden have no work for them to do. for anyone in s,a that new INDEPENDANT EXPRESS i was the warehouse manager and i got no notice they were going down, they hadnt been paying any bills and were in about 1,000,000 debt. now im dealing with the lawyers who took over the recievership and have to fight for the 5 grand of holiday pay, unpaid wages, super, etc that im owed and they are asking for proof. being a family business nothing was signed so i figured a bank statement will save my ass. No.... looked at my bank statement... all it says is DEPOSIT THANKYOU so in short.... bye bye 5000