GM Slashes 2000 Jobs, Suspends 3rd Shift On Bloated Inventories, Slowing Sales

Who could have seen this coming? Just weeks after Ford idled four factories due to slumping sales and excess inventory, GM just followed by slashing 2000 jobs permanently and suspending a third shift at production facilities in early 2017.
We have warned numerous times that there is only one way this ends…

This post was published at Zero Hedge on Nov 9, 2016.