🚨 A major recession won't be far away if layoffs keep growing (and they will). 😯 www.ctvnews.ca/london/artic... - ThreadSky

canada-dry.bsky.social • 2 days ago

🚨 A major recession won't be far away if layoffs keep growing (and they will). 😯

https://www.ctvnews.ca/london/article/ingersoll-gm-plant-shutdown-500-layoffs-imminent/

Comments

keithkemp27.bsky.social•2 days ago

You voted for this good luck in your future

shryke.bsky.social•1 day ago

This is a Canadian auto plant.

thebear81.bsky.social•1 day ago

I feel for the layoffs and the people who are affected 😔 God bless you and let's hope we can get everyone back to work 🙏

umanoid.bsky.social•1 day ago

The coming recession will make the Great Recession of 2008 look mild. I never recovered from that recession. My mom died due to that recession because it wiped out her retirement funds. It looks like Trump and Musk will do the same to me with their destruction of SSA and Medicare/Medicaid.

mmusgrove.bsky.social•1 day ago

I took my entire portfolio out of the markets in February invested in GICs which are guaranteed. Won’t make much but won’t lose a dime. Will reevaluate when the mature next Feb.

schwantz.bsky.social•1 day ago

Does Canada Post need EV delivery vehicles? These Brightdrops might actually be the most Canadian vehicles out there.

wittywriter.bsky.social•2 days ago

Oh no!

sfdave49.bsky.social•1 day ago

I don't think that ev truck was well received

enoughletters.bsky.social•1 day ago

mogigo.bsky.social•1 day ago

The most terrifying thing about it all, is we have no idea what level of destruction it's going to take before they finally realize the cool aid is poisoned.

kurtmcd.bsky.social•2 days ago

It's not that out of the ordinary to retool at this time. The bigger issue may be lack of demand for vehicles in October.

helen-jeannine.bsky.social•1 day ago

stormbelle.bsky.social•2 days ago

Sales of the vehicle bring produced there were really bad, I believe. Timing sucks but likely GM trying to repurpose $ to other plants making vehicles with more demand. Super bad for employees though! I hope they are supported through this. Universal basic income would help through times like this.

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