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Thread: What if GM goes bankrupt?
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[quote=MARRIE,339949]Part of 25 billion was budgeted for fuel efficient or hybrid which could be formally put into production in 4 years. Sales crunch leads to short term liquidity but the biggest potential crisis of bankrupcy is scary meltdown in payroll that could cause social turmoil. Booting Union, lowering salary and benefits, R&D for 'green" and expanding market share are a long-term strategy. Short term restructuring beat employees' morale but seems inevitable because huge amount of pension debt could be wiped off through lump -sum severence payments via termination or layoffs.[/quote]
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