GM planning huge "downsizing" announcement: Raw Story

By Lee Russ

Sunday, June 25, 2006 at 03:44 PM

Raw Story has a pre-publication report that GM is about to announce the "downsizing" of one quarter of its employees (some 30,000), through buy-outs, while Delphi will announce later this week that some 9,000 of its employees have taken buy-outs.

All to easily obtain alternative employment at roughly similar wages, don't you think?

Update [2006-6-26 16:52:30 by Lee Russ]:Today's news reports indicate that the 30,000 was on the low side. It's about 35,000 who have taken buy-outs & early retirement.