So, yes, the auto industry has not been the greatest as far as business goes. They have been slow to change, pay and benefits have been crazy. I know, I have thought the same things but now we are in a crisis. I know a lot of people who feel this will not impact them. These are mostly people outside of Detroit and Michigan. Well... read this!
"Detroit's car makers employ nearly a quarter-million workers, and more than 730,000 other workers produce materials and parts that go into cars. If just one of the automakers declared bankruptcy, some estimates put U.S. job losses next year as high as 2.5 million."
That is if only ONE declares bankruptcy. Do the math. The potential for all 3 could be 7.5 million jobs!
It will impact you!
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5 years ago