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GM and Chrysler attempt to reduce number of workers

February 2, 2009 – 8:56 pm – No Comment

Both General Motors and Chrysler are attempting cut cut their workforce by offering employee buyouts and car vouchers.
From Reuters:
GM will offer its U.S. hourly workers $20,000 in cash and a $25,000 voucher to buy a vehicle as an incentive to retire or leave the company, …

Best Buy has a serious 3Q profit drop.

December 16, 2008 – 1:35 pm – No Comment

Best Buy has posted a 77 percent 3Q profit loss this year and it fears consumer spending will get worse.
As a precautionary measure, Best Buy has begun to offer employee buyouts for corporate employees and cut capital spending by 50%. In 2009, it also plans …