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Old 05-01-2014, 11:38 AM   #1
Syndrome
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Exclamation GM to shed 1,000 employees in Brazil

It is not just Holden. GM is downsizing (rightsizing?) all over the planet.

http://finance.ninemsn.com.au/newsbu...1000-in-brazil

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Old 05-01-2014, 02:11 PM   #2
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Default Re: GM to shed 1,000 employees in Brazil

The taste of bankruptcy from the GFC is still there in the gm board rooms, getting rid of non profitable dead wood it seems is still no one priority, and rightly so .
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Old 05-01-2014, 06:14 PM   #3
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Default Re: GM to shed 1,000 employees in Brazil

When they dropped Holden last month they also mentioned downsizing in South Asia.....never mentioned Brazil at all?
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Old 06-01-2014, 12:54 AM   #4
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Default Re: GM to shed 1,000 employees in Brazil

Australia, Europe,Asia and now Brazil. Ouch
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Old 06-01-2014, 09:08 AM   #5
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Default Re: GM to shed 1,000 employees in Brazil

GM's Consolidated International Operations Division is their biggest loss-maker on GM's books and now that the US Treasury is out of GM's ownership, the GM board can be more ruthless and start cutting these money burners.
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Old 06-01-2014, 10:07 AM   #6
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Default Re: GM to shed 1,000 employees in Brazil

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Originally Posted by Road_Warrior View Post
GM's Consolidated International Operations Division is their biggest loss-maker on GM's books and now that the US Treasury is out of GM's ownership, the GM board can be more ruthless and start cutting these money burners.
So can we say that Holden was always destined to close and was not the fault of new Australian government?
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Old 06-01-2014, 10:14 AM   #7
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Default Re: GM to shed 1,000 employees in Brazil

I have a sneaking suspicion that there is a lot of pressure on the American Big 3, GM, Ford and Chrysler to manufacture the majority of their vehicles in the US. Look at Ford, 11,000 new employees over the next 9 months. The US Government is trying to protect it's own economy and is bringing all it's profitable manufacturing back home.
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Old 06-01-2014, 10:38 AM   #8
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Default Re: GM to shed 1,000 employees in Brazil

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Originally Posted by Gobes32 View Post
I have a sneaking suspicion that there is a lot of pressure on the American Big 3, GM, Ford and Chrysler to manufacture the majority of their vehicles in the US. Look at Ford, 11,000 new employees over the next 9 months. The US Government is trying to protect it's own economy and is bringing all it's profitable manufacturing back home.
Yep and so they should......thers something like 40 million unemployed people in the U.S at present......That is a staggering amount of people for such an apparently wealthy country.
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Old 06-01-2014, 10:47 AM   #9
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Default Re: GM to shed 1,000 employees in Brazil

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So can we say that Holden was always destined to close and was not the fault of new Australian government?
Most likely. I think it is unreasonable to blame the new Australian government for Holden's demise. It's a combination of factors.
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