Showing posts with label Merger Equals Unemployment?. Show all posts
Showing posts with label Merger Equals Unemployment?. Show all posts

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.