GM to cut 10,000 Jobs Across Europe After Sudden U-Turn on Opel Deal

[Guy Incognito]

Max Keiser on Russia Today.

" ... General Motors cut ten thousand jobs across Europe at its Opel unit in favor of Christmas bonuses."
-Max keiser

http://www.youtube.com/watch?v=4Jpb1e32KRY

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[User Name]

Originally Posted by Guy Incognito

" ... General Motors cut ten thousand jobs across Europe at its Opel unit in favor of Christmas bonuses."
-Max Keiser

Good luck over there Frank.

Rage against GM over 10,000 planned job cuts at Opel

[omnimoeish]

The German government is pi**ed and are vying to oust GM. It's obvious why GM put its top brass over there.

[dagwood55]

This is also likely going to hurt relations between Obama and Merkel. I'm thinking that GM also p!ssed off the Administration. This was probably a really bad plan, all things considered.

Of course, if GM believes it's too big to (allow to) fail, then there's no problem for them.

[omnimoeish]

There was bound to be some issues like this when you governments of various countries each owning large amounts of stock of the same company. What's scary is Canada still owns a lot of the new GM's stock although Canadians are known to play hardball as much as Germany.