SocraticGadfly: ‘Big’ Three — two years and 100,000 jobs later

July 01, 2008

‘Big’ Three — two years and 100,000 jobs later

Yes, that’s right. The so-called “Big Three” have shed 100,000 jobs in just the past two years.

Another decade at that pace and they literally will cease to exist.

As for “Big Three,” Toyota may have finally passed GM into the top U.S. sales slot in June. And, the Street knows that; that’s why GM’s stock price has fallen more than 50 percent — since the first of the year.

Meanwhile, as the story documents, plenty of workers are among the human detritus left behind by Big Three arrogance, Big Three refusal to be honest with themselves corporately, their employees and the general public about environmental and economy issues and more.

But, the 100,000 employees discarded in the last two years don’t get corporate golden parachutes.

Meanwhile, workers like John Martinez are the ever-more-frequent castaways making up the real story.

No comments: