GM keeps giving the pink slip to its employees. They have announced yet another big lay off, this one is said to lay off 5,000 employees and to ceasing contributions to some retirement plans for certain employees. GM is said to be saving a lot of money by doing all these layoffs and with a upcoming merger in talks, more employees can expect to be getting a pink slip themselves.
http://www.bloggingstocks.com/2008/10/24/general-motors-cuts-another-5-000-jobs-stops-contributions-to-4/
Monday blog
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