The planned expansion, 1100 jobs
did they post the jobs yet? They said it was only gonna be posted on the chrysler jobs site. I called HR and they said the same thing. I keep checking but no posts.
The planned expansion, 1100 jobs
did they post the jobs yet? They said it was only gonna be posted on the chrysler jobs site. I called HR and they said the same thing. I keep checking but no posts.
Comments ... #
No..read the article, says the plant and expansion isnt even until next year. You have over a year wait for them to be posting jobs.
posted by OhioKimono on Dec 20, 2011 at 10:25:27 pm #
yeah, i heard the jobs weren't coming for quite a while
an article a while back said between november and december, as far as the jobs being posted. the newest article (from last month) i read said the jobs hadn't been posted yet, but plan the positions to be filled and employees fully trained to work by summer 2012
I think they were going to be hiring/training a smaller number of employees initially, but it was going to be awhile before the full number would be hired.
I know there were some positions posted at one point, because my husband submitted an application. They'll probably post the listing again when they are ready to do the rest of the hiring.
Article I read said construction wasnt even until summer next year
posted by OhioKimono on Dec 20, 2011 at 11:44:54 pm #
Whoa, wait a minute. Chrysler is partially owned by foreigners. How does that play into the "Buy American" theme? Does working for a foreign company change anything?
It's been partially owned by foreigners on and off for a long time. I think the concept of buying American has less to do with where the profits go, and more to do with how many Americans were kept employed in the process.
"Whoa, wait a minute. Chrysler is partially owned by foreigners."...Imported From Detroit --- same thing
posted by justareviewer on Dec 21, 2011 at 11:18:21 am # 3 people liked this
As long as the unions get there dues, right?
posted by Linecrosser on Dec 21, 2011 at 11:18:26 am # 3 people liked this
Since this tread already jumped the political shark…
Never ceases to amaze me about the right wing outrage over bailing out the auto industry. You never hear a word about bailing out the banks. Obama used a small fraction of Bush’s TARP bank bailout money (no new funds) to save an American industry and hundreds of thousands of jobs.
All you hear from the right wingers (that aren’t getting paid to endorse) that they will never buy a GM or Chrysler again, but don’t have a problem keeping their money at CITI or using their Bank of America credit card…complete hypocrites.
posted by SensorG on Dec 21, 2011 at 11:58:53 am # 7 people liked this
I am probably not the best person to speak for the "right wingers" since I'm more of a "person in the middle who leans slightly towards the right." (Though on TT, that probably still classifies me as a despicable "right winger.") ;)
However, at least the auto companies are paying back the bailout money and kept people employed while accepting the bailouts. Did the banking industry do anything useful with the handouts it received?
posted by mom2 on Dec 21, 2011 at 12:14:41 pm # 6 people liked this
Never should of bailed out a lot of things, autos, banks, wall street, unions.
posted by Linecrosser on Dec 21, 2011 at 12:15:09 pm # 1 person liked this
All you hear from the right wingers (that aren’t getting paid to endorse) that they will never buy a GM or Chrysler again, but don’t have a problem keeping their money at CITI or using their Bank of America credit card…complete hypocrites.
Yeah, some are like the strawman you just set up.
And some (like myself) have always banked at a credit union, keep minimal cards/zero balances, pay my bills, and were sold off against our will by our local banks to Fannie/Freddie and then to BOA or other "mortgage lenders". In other words, responsible
Hypocrites? Mirror, please...just like a lot of left-wingers who rail against corporations and "the system" bias...unless it benefits them or it's cool to use a "good" corporation's products (Apple, Whole Foods, etc.)...complete hypocrites.
And give a little credit, G: the very principled reason (if I do say so myself) I will never buy another GM product is because members of my family were GM bondholders whose retirement investments got absolutely blown up by the "deal" that the government and my favorite President rammed down their throats. They will never be made whole, nor do they have time to start over with the "new" GM or many other investments. And most of all...like many of the old school GM bondholders, they aren't "millionaires and billionaires" (to use the favorite term of my favorite President). The income from those bonds was supposed to supplement Social Security. It's gone now.
The company got "saved", the UAW got theirs, but GM bonds--which are at their essence people lending GM money with the expectation it be paid back--were made worthless. Sorry, I refuse to support that. There are plenty of other car choices out there.
posted by oldhometown on Dec 21, 2011 at 02:43:59 pm #
First thing - GM bond holders made an investment. Should the government back investors if they made bad investments? Just as long as it's your family?
As for "were made worthless" from my understanding bondholders were issued shares of new the new GM company.
http://seekingalpha.com/article/238227-what-are-the-old-gm-bonds-worth
mom2, the banks did give some pretty awesome salary bonuses after the bailout ... so THAT was useful ... not!
viola - I suppose it is a matter of perspective. If one of us had received one of those bonuses, we might have considered it "useful." LOL
Remember the CEO or Company is only evil if they don't support a democratic agenda.
Mr G your wrong as the Libertarian party has long been screaming about the bank bailouts, but I can only think of one candidate who wants to audit the Fed. And he is the "crazy one"
Sensor
First thing -- stocks are not bonds. Stocks do not pay a coupon rate, nor are they fixed-term investments. Don't equalize the two. And, yes, bondholders risk their money in an investment....and accept LOWER payments due to LOWER risk associated with bonds (in a normal financial world)...and should have been FIRST in line to take over GM and either liquidate or reorganize it...not "here's a bone, and by the way, wethe government now own the company". That's not how its supposed to work. I never said I want the "goverment backing investors"...nor do I want goverment always backing big companies "too big to fail". Bondholders get paid in a bankruptcy at the FRONT of the line, not the back as happened here.
Second thing -- according to Bloomberg, the amount of stock issued will give former GM bondholders about 30 cents on the dollar, according to this article by Bloomberg. Reading the article, you see an analyst who in April "expected" GMs stock to rise to $40 a share.
Today's GM price : $20 or so a share. Now former bondholders are down to basically 20 cents on the dollar and who knows about tomorrow. I'm sure you're OK with someone who invested $100,000 in secured bonds (secured by the assets) receiving 80% less than the promised face value, but I'm not. It's fair that the UAW got 17.5% in GM (without risking any of their money), but bondholders get 20 cents on the dollar and a dropping stock price? Awesome.
But hey...you proved your point. The bonds weren't made worthless...they just pay 20 cents on the dollar, compared to the old value. I'll tell my 80 year old uncle who worked for GM and oh-so-foolishly bought bonds because he didn't trust the stock market that he was an idiot. Love it.
posted by oldhometown on Dec 21, 2011 at 05:42:06 pm # 1 person liked this
I don't think CEOs or Companies are inherently evil regardless of where their politics are at. I think they should have to obey the law, pay their taxes and be smartly regulated. I don’t care if the CEO of GE is tight with Obama. GE should have to pay taxes, just like Exxon should have to pay taxes. Shit, I have to pay taxes, why shouldn’t they?
I don’t care that guys like Corzine are Democrats. He should be in jail. The problem is, he didn’t do anything illegal. Republicans want his head, but won’t even consider regulating the activity that allowed him to steal from his investors. The Fed is least of our worries.
And yes Paul is crazy…
Oldhometown - I know the difference between stocks and bonds.
As for 20 cents on the dollar, that's way more than stock holders got and bonds were still an investment, WITH RISK. How many years did those bonds pay him 5-8% interest?
20 cents on the dollar is more than they would have been worth if the government hadn't stepped in. They also the government backed his GM pension too, so he's not high and dry.
damn all i wanted to know was info on a possible job. you guys come on here and have public hanging on the subject. i guess i asked the question wrong or something. for however is against chrysler or jeep for whatever reason, LMK when/where your company is at, so 1,100 people can apply for a job to support families and find a way to stay off welfare, robbing the public and going to jail on your dime anyways.
So really what are you people against? the company providing a stable jobs for the community or the fact that you get taxed b/c of tax exempts?
how bout we kick out every auto manufacturer outta USA
posted by IamNORMAL on Dec 22, 2011 at 12:32:33 am # 1 person liked this
I love people who post something on a public message board and then get their feathers ruffled when people post opinions.
If you wanted to know about Chrysler jobs, go ask them. Not a Toledo Talk Political message board. What did you expect?
"The Fed is least of our worries" - Mr G
From CommonDreams.com (a progressive news site) http://www.commondreams.org/headline/2011/08/28-3
The first-ever audit of the U.S. Federal Reserve has revealed 16 trillion dollars in secret bank bailouts and has raised more questions about the quasi-private agency’s opaque operations.
7000 metric tons of gold bars sit in the gold vault inside the Federal Reserve Bank of New York
"This is a clear case of socialism for the rich and rugged, you’re-on-your-own individualism for everyone else," U.S. Senator Bernie Sanders, an Independent from Vermont, said in a statement.
The majority of loans were issues by the Federal Reserve Bank of New York (FRBNY).
"From late 2007 through mid-2010, Reserve Banks provided more than a trillion dollars… in emergency loans to the financial sector to address strains in credit markets and to avert failures of individual institutions believed to be a threat to the stability of the financial system," the audit report states.
Bernie Sanders is crazy too right? I love how progressives NEVER want to blame government.
dbw8906 - I blame the politicians who make up the government and the corporations who buy themselves laws and politicians to make it all legal. You focus on “the government”, I focus on the people in the government and the corporations who spend their billions to get their people elected. Until you fix that system, the Fed doesn’t matter, because everything it’s doing is legal…
Guys like Corzine can steal money at will and the law allows it. Try to the change the law or even institute the smallest Wall St. reform and conservatives scream.
I agree corporations shouldn't be able to buy politicians but then unions shouldn't be able to either. along with wall street reforms need election campaign reforms as well.
posted by Linecrosser on Dec 22, 2011 at 01:10:23 pm #
I'm down with that Linecrosser...no money from unions or corporations.
And if the unions dont need all that money to buy politicians maybe they can lower their dues eh?
posted by Linecrosser on Dec 22, 2011 at 05:23:20 pm #
And if corporations weren't spending so much to buy politicians they could pay a higher wage to their employees.
I believe that too, and their shareholders.
posted by Linecrosser on Dec 22, 2011 at 05:40:16 pm #
If banks would stop paying for naming rights and commercials they might be able to pay more interest to their account holders, I gave up on banks and went to a credit union a while ago.
posted by Linecrosser on Dec 22, 2011 at 05:52:25 pm #
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