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...VEBA and fund the other half with GM stock. The agreement appears to be very similar to the deal Chrysler LLC reached with the UAW. That deal put the UAW in control of the new Chrysler, with 55% of the stock. The union has also reportedly agreed to cut GM's labor costs, though neither the union nor GM would confirm the figures...
...dealer network or terminated if a buyer for those nameplates cannot be found. Also on Friday, GM began notifying 1,100 GM dealers that their franchises will be terminated because they have failed to meet sales targets. Of GM's other 4,500 dealers, the automaker expects to cut 900, and it may use bankruptcy to get that done...
...Faculty of Arts and Sciences’ Information Technology division plans to cut the jobs of up to 25 students currently employed as User Assistants, FAS IT Senior Client Technology Advisor Noah S. Selsby ’95 confirmed to The Crimson yesterday. Selsby denied that the cuts were budget-related and wrote that the cuts are aimed at “refocusing the way the services are provided in order to increase efficiency.” “While the timing of these changes coincides with cuts in other areas of the university, this particular change will...
...given the financial climate, college officials said next year they will be more stringent about meeting the general target. In meeting this threshold, McCarty said they hope to be able to cut the total number of sections by 10 percent. In the ’08-’09 academic year, the college had roughly 4,500 sections...
...draft of an e-mail authored by several of the students in attendance and sent by Hysen, who is also an active Crimson IT editor, to the We—Are—Harvard Google group reads in part, "The recent cuts announced by Dean Smith reflect the top-down process by which these decisions were made. Broad community input would have alerted the administration to the serious issues that have been raised with many of these cuts. Decisions to reduce shuttle service, close the Quad library, cut hot breakfast, increase section sizes, and slash House budgets were made without...