Tuesday, June 07, 2005

GM to cut 25000 jobs

Wow that is quite a reduction of its workforce. I guess that is one way to reduce health care expenses. Get rid of them before they get sick. What GM really needs to do is reduce its reliance on SUVs and large trucks when oil prices are high. Most likely oil prices are going to stay high for the time being. Maybe GM should invest heavily in the hybrid market and become the leader there.

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