Tuesday, October 14, 2008

No Merger If It Means Job Losses

Unions aren't too happy about the continuing talks between GM and Chrysler about a (possible) merger. They said they'll oppose any deal that would reduce the work force. I see no problem with that. The more people who retain jobs, the better off the economy. As I stated before, this whole "merger" thing looks to be more of a negative move than a positive move. Anyway, Chrysler is practically (fully) owned by Cerberus, a vicious private equity firm.

No comments: