Wednesday, February 11, 2009

GM cuts 10,000 Jobs & Executive Pay; Wal-Mart cuts 800 jobs

A government grant of $9.4 billion hasn't helped General Motors, one of the nation's Big Three automakers, retain its workforce. GM today announced it will cut 10,000 jobs in May and continue global layoffs through the year. Mid-level salaries will be decreased 3 to 7 percent and executives will take 10 percent pay cuts.

read more | digg story

No comments:

1-20-2026

  I n 1917, Denmark sold the island of Little Saint James to the US. Today that island is better known by another name: “Epstein Island.” Tr...