When The Government Funds Companies To Fire People

[24/7 Wall St.]

24/7 Wall St. Daily News

GM (GM) must fire another 21,000 factory workers, as part of a plan to get an additional $11.6 billion in aid from the federal government. The restructuring plan would give creditors stock in the company in exchange for $27 billion in debt obligations. The UAW retirement and medical funds will have to take at least [...]

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