Prospect of GM-Chrysler Deal Heightens Job Fears

The prospect of a merger between General Motors and Chrysler is leading to growing worries about large-scale job cuts in the already shrinking U.S. automotive sector. The Wall Street Journal, citing unnamed sources, reported that as many as 40,000 jobs could be lost if the two auto giants, eager to cut costs, merged. GM, which has announced several plant closures in recent months, is the top domestic automaker while Chrysler is third. Neither company has confirmed that they're in talks for a...Full Story
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