News From the Auto Industry

May 2, 2007

Alternative Investment News Announces Nominees for 5th Annual Hedge Fund Industry Awards; Wyser-Pratte Receives Lifetime Achievement Award

Filed under: New Car Models — Administrator @ 2:50 am

Amidst the deafening sound of clanging steel is a camaraderie that is so amazing and found inside General Motors Powertrain plant in Bay City. Workers in this plant say that they don’t have any ill feelings toward the decision of GM to cut costs even if it means losing their jobs in the process. The workers in Bay City understand that the automaker is experiencing hard times and in order to keep the company afloat sacrifices has to be made.

Absolute Capital Management

Citadel Investment Group

Cadogan Management

Dorchester Capital
General Motors has brought in new trainees in place of the laid off workers. These trainees come from other GM plants such as its plant in Delphi while others were recalled from layoff. Despite the addition of trainees the plant’s workforce still dropped by about 670 combining blue and white collar workers.



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