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General Motors's Recession

304 Words2 Pages
General Motors had a very hard time during the recession that began in the fall of 2007. They took various actions to help painting the company going such as job cuts and even filing bankruptcy to have a little peace during the harsh times faced by everyone. The car sales decreased from 16 million years before the recession to 11 million during the recession. This decrease of demand pushed General Motors to layoff 10,000 workers at first then 50,000 people on February 2009 with an overall cuts of 107,357 job cuts since recession still leaving the company at an “income after incomes taxes being around $-5,000 in 2009”(CSI Market, n.p.). The cost still wasn’t at a secure state yet so they were faced with filing bankruptcy protections months after
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