Media analysis of GM’s downsizing announcement is continuing, with the focus shifting to an assessment of the real
impact on communities and individuals of job cuts and plant closings, and to the viability of GM’s plan to turn around
its North American operation.
There seems to be a building consensus among business and financial analysts that GM’s latest moves will not be enough
to turn around the company – leaving unanswered questions about developing profitable, competitive products quickly and
improving efficiency. Read more below…
For generations of GM workers, cuts mean end
of an era
GM layoffs a
hard blow for Canadian car town
GM shares down a day after cost-cuts announcement
Stock turkeys of 2005
Huge cuts may not be enough, some
fear
Survival at stake, but there’s no
guarantee