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.
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