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54 Comments
- aliengoods, on 11/06/2009, -0/+22Thank you Captain Obvious.
- Sky0001000, on 11/06/2009, -1/+17What is with this sense of entitlement that unions have??
There is no work, therefore you lose your job. period. end of discussion.
They don't get to make the decisions on behalf of a corporation, just because it is in THEIR best interest. GM is barely staying afloat as it, and for the most part, at least in North America - it's only doing so because of the bailouts. I definitely understand why they wouldn't want to invest more resources into a dying market. - lohphat, on 11/06/2009, -1/+15No one "deserves" to be laid off. It's economics. If you're not selling cars, you're not making as many. thus lower demand for labor to build them. It's called a recession.
No one is entitled to employment. - nicktx, on 11/06/2009, -0/+5Don't forget - pay your retarded management a lot less.
- Barackalypse, on 11/06/2009, -0/+5This hysterical part is that the UAW owns 17.5% of GM, so this is basically union on union cannibalism!
- waydee, on 11/06/2009, -1/+6GM needs Opel/Vauxhall, it's long been their most successful marque and has cars that GM in the US needs in order to stand a chance of sorting out their situation over there.
- aguynamedjoe36, on 11/06/2009, -0/+4Yeah I am an American business student studying just across the river from the Rüsselheim Opel plant here in Germany. Folks here are not happy in the slightest. They were really excited about the Canadian purchase, and now that GM has announced that they will retain the brand a lot of people are upset. The German market has actually remained relatively stable amid all the problems the US has had, but cutting those jobs in a decent market and having to pay back those loans will definitely have a negative impact on GM's increasingly negative perception in Europe. I wonder if this will be publicized in the States so people know what their tax-funded company is up to.
- prakash1234, on 11/06/2009, -2/+6why does GM exist again?
- Hardataq, on 11/06/2009, -0/+4Make better cars. Pay your uneducated employees less.
Problem solved. - staticx57, on 11/06/2009, -0/+4Whole list of cars
- brad3378, on 11/06/2009, -1/+4Should the American Taxpayer bailout workers in other countries too?
- jv2k, on 11/06/2009, -1/+4There is no denying that the unions had a big role in the decline of the US auto industry and it's true that a lot of them got paid a lot more than someone without any education or a trade should have gotten paid while build quality went down the *****, but the issue is a lot more complicated than that. It was poor management in the 80s and 90s that let the brands fall through the cracks along with the fact that GM is just too big a company for them to change quickly.
- aliengoods, on 11/06/2009, -3/+6Management destroyed the American auto industry. The people who are in the unions...you know, the workers....are the ones who built it.
- 4NDr01D, on 11/06/2009, -0/+3I'm no fan of GM or Bailouts
but Magna is a parts manufacturer, they have never run a full car company before
they were also going to have about the same projected number of layoffs
sorry you folks are out of work, a lot of us on this side of the pond are too
best of luck - PeppermintPig, on 11/06/2009, -1/+3"Those employees of "Government Motors" would be unemployed if not for the government bailout. At the very least, Opel may have been bought by another company, and then who knows what would have happened to the workers."
Except the government bailout has already happened and jobs are being cut at Opel anyways.
Knowing what happened before helps people understand what will happen in the future.
"So are you cheering because the union workers are becoming unemployed or are you upset because 10,000 workers are losing their jobs?"
From the position that economic destruction is usually a bad thing, neither. What do you assume will help? - waydee, on 11/06/2009, -0/+2They're striking because the german government lent money to GM under the impression that the magna sale would go ahead, job cuts were expected but were already negotiated and far less than the 10k figure that GM have now announced.
GM has taken the money and cancelled the sale now and put many more jobs at risk, Germany will no doubt lose a plant as will the UK despite that scumbag Mandelsons assurances they won't. Magna was a far better prospect for GM Europe workers, the German government and workers are rightfully pissed off with GM for their dirty tactics.
I see that GM still requires further loans from other European countries however, hopefully they won't get them. - Barackalypse, on 11/06/2009, -2/+4Because the labor unions are an important political constituency that the incumbents in the Government weren't willing to let fail out of fear of losing their jobs?
- jv2k, on 11/06/2009, -0/+2GM closed down 2 brands, sold hummer to china, and is getting rid of saab. I hardly call that just taking the money and running.
Opel is GM europe and selling them was a horrible idea. The plan was to get better, and since the company isn't hemorrhaging money as badly as it was when they put opel up for sale the don't have to pull the desperate move of selling it. - nicktx, on 11/06/2009, -0/+1No, it's the Germans - both management and workers - wanting to cut the cord with the US GM parent whose management ran the entire company into the ground. And on the other side is GM's new management realizing that selling Opel means losing their most fuel efficient technology and a highly popular brand in Europe.
- PeppermintPig, on 11/06/2009, -1/+2Given the government control involved in GM, it's possible that the company might be making decisions that are not so much in the best interests of the company and all of its employees but set along nationalistic interests.
I see no reason why one profitable venture must be sacrificed over another, which is valid if more value is being created than consumed in all cases. - ohreilly, on 11/06/2009, -0/+1"Mandelsons assurances"
I think that is an oxymoron. Shame that when the rest of the idiots get kicked out next year, he's still a Lord. - jv2k, on 11/06/2009, -0/+1Most of the diesel technology is borrowed from other companies and the petrol engines are global ones. GM europe would have also retained all of that technology since it was GM that made all of that. Opel has been a part of GM since the 30s. it's as much a part of the brand as Pontiac was.
- korvan504521, on 11/06/2009, -0/+1competition with themselves? what?
- brad3378, on 11/06/2009, -2/+3So are you cheering because the union workers are becoming unemployed or are you upset because 10,000 workers are losing their jobs?
- 64705, on 11/06/2009, -0/+1I recently read that the German state of Thuringia, home of several Opel factories, even gave the company a bridging loan of €1.5bn. Although Opel now plans to repay the amount by the end of the month, I'm curious as to whether this money has directly aided GM in restructuring its European arm at the expense of German jobs.
- jv2k, on 11/06/2009, -0/+1They didn't really want to sell to manga Germany was just forcing them to.
People need to remember that GM has owned opel for a long long time. It's as much a part of GM as pontiac was or buick currently is and they didn't want to give up one of there brands. They wanted to sell to a company that they probably could have bought it back from when they recovered but germany was forcing them to sell to a company that would loot their patents and technology in order to put it in their own offerings. - dhartin, on 11/06/2009, -0/+1because the banks own D.C.
- jbmcb, on 11/06/2009, -0/+1Penske killed the Penske deal, he couldn't find any OEMs to build cars for him.
- jv2k, on 11/06/2009, -0/+1At least the jobs aren't moving to russia like they were going to if the deal had been made. Doesn't matter who owned opel jobs were gunna be cut.
- nonapp, on 11/06/2009, -1/+2Wait wasn't the bailout supposed to stop this?
- Sky0001000, on 11/06/2009, -0/+1Don't forget, the Canadian division was bailed out as well.
- jv2k, on 11/06/2009, -0/+1Well up until a few months ago they sold more cars than any other brand and while toyota has finally overtaken them GM is still in the number two spot
- jv2k, on 11/06/2009, -3/+3Bush gave them the bailout. Also I am. GM employs tons of people and all of the domestic brands were already improving their quality and producing more desirable vehicles(well not counting chrysler but that's Daimler's fault). The the recession hit and every automaker's sales figures went down the *****(ford was lucky enough to have taken out a bigass loan before the recession hit).
Honestly I don't get why the banks get a free pass for all their much bigger bailouts when they were known to spend them more irresponsibly and they caused the recession in the first place. Meanwhile GM continued to pump out newer more competetive(and in some cases class leading) vehicles and people ***** on the brand because they remember the 1992 chevy cavalier or their old ford pintos. GM and Chrysler got a tiny slice of the bailout pie and they have definitely changed since taking the money to put themselves in a better position. The banks took the money and haven't done jack *****. - govsucks, on 11/06/2009, -3/+3Yeah, because they agreed to asinine sums of money to union goons.
- newes, on 11/06/2009, -3/+3I thought it was built by incredibly motivated entrepreneurs, who had an idea developed a business plan risked their own capital as well as finding other people willing to risk capital as investors. Thus creating companies that employed tens of thousands of skilled and unskilled workers for decades.
- jv2k, on 11/06/2009, -2/+2It sucks but Opel needs to be restructured like the rest of GM.
Before someone bitches that "government motors" should have sold the company just remember(or maybe you don't keep up with auto news so you might not have known) that both potential buyers were going to move jobs around and lay off German workers. Also not selling Opel is some of the best news I've heard from GM in a while given that selling Opel would have meant selling most of their european market share. - BerateBirthers, on 11/06/2009, -0/+0It's be nice. We caused the worldwide recession, why not work to fix it?
- sentry21, on 11/06/2009, -1/+1http://www.youtube.com/watch?v=RUZWfAE1IT0
- jv2k, on 11/06/2009, -2/+1Chevy and Cadillac already have a good list of cars(although GM needs to catch up in the gadget department) and Buick is starting to improve as well(thanks to china).
If the recession hadn't hit Saturn would have remained the american Opel dealership and Pontiac was on its way to becoming performance oriented with a rwd compact, an improved g6(probably not as drastic since it was a high seller as it was), the G8, and they were considering a new solstice(and a second generation kappa car could have fixed the cheap interior and terrible ergonomics). It really sucks that the recession hit when it did. Ford came out pretty much the way it would have otherwise(minus Volvo) but the announcements for GM's brands at the time was really optimistic. - jv2k, on 11/06/2009, -2/+1I really don't get why they wanted GM to give up Opel so badly. Any progress that opel has made was under GM's ownership and Opel was pushing them to do something moronic.
- pstroll, on 11/06/2009, -2/+1Looks like GM doesn't want the competition so they're killing previously agreed upon deals (Penske and Magna).
- bigp3rm, on 11/06/2009, -2/+1I gona game you a bailout.
- fastguyrules, on 11/06/2009, -2/+1That's 10,000 jobs in Europe so I guess Obama's plan is still working. But it's unfair to Opel because they actually make the most competitive cars in Gm's line up.
- brad3378, on 11/06/2009, -3/+2I'm on your side PeppermintPig.
I don't think the American Taxpayer should be responsible for bailing out workers in other countries. These Opel workers are no exception. - non00b, on 11/06/2009, -2/+1how is going on strike going to help anyone save their job? They close the plant and you have nothing to strike against.
- MrSteamTank, on 11/06/2009, -2/+1Considering the American and Canadian governments bailed out their own piece of GM then maybe Germany should step up to the plate and do the same. 8P
- mcphilip, on 11/06/2009, -2/+1well done. GM following wall street's lead in taking taxpayer money with no accountability. selling off parts of horribly mismanaged GM was once a major part of the restructuring plan presented to the government as justification for a taxpayer bailout. thanks to cash for clunker's temporary sales boost and a public riding the warm fuzzy wave of a 50% market rally in the past 6 months, GM realizes it can get away with backing out of its original plan.
Take the money and run.
- inactive, on 11/05/2009, -10/+6This is bad for the employes.
- PeppermintPig, on 11/06/2009, -8/+4Do you think Government Motors will give you an honest answer why?
- aliengoods, on 11/06/2009, -5/+1Those employees of "Government Motors" would be unemployed if not for the government bailout. At the very least, Opel may have been bought by another company, and then who knows what would have happened to the workers.
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