Bankrupt GM Begins Slashing Jobs

The General Motors flameout has been a disaster for blue collar Americans working on assembly lines. Out of 123,000 GM workers left in North America, 20,000 are scheduled to lose their jobs.



Meanwhile, the Auto Task Force appointed by President Obama to oversee the process is led by Wall Street financiers focused on a single goal — turning a profit and getting stock prices to rise. It's an approach that has some people worried.

#story_page_post_article

Understand the importance of honest news ?

So do we.

The past year has been the most arduous of our lives. The Covid-19 pandemic continues to be catastrophic not only to our health - mental and physical - but also to the stability of millions of people. For all of us independent news organizations, it’s no exception.

We’ve covered everything thrown at us this past year and will continue to do so with your support. We’ve always understood the importance of calling out corruption, regardless of political affiliation.

We need your support in this difficult time. Every reader contribution, no matter the amount, makes a difference in allowing our newsroom to bring you the stories that matter, at a time when being informed is more important than ever. Invest with us.

Make a one-time contribution to Alternet All Access, or click here to become a subscriber. Thank you.

Click to donate by check.

DonateDonate by credit card
Donate by Paypal
{{ post.roar_specific_data.api_data.analytics }}

Happy Holidays!