http://www.cbc.ca/money/story/2009/03/04/chrysler-layoffs.html
Summary
It seems like nowadays all we hear about is the recession, job loses, financial aid, and so on. This unfortunately applies to Chrysler as well. In Windsor, Ontario, Chrysler's minivan assembly plant is about to lay off 1,200 employees and has plans to close down the plant as well. The layoff of employees is set to take place on June 24th, 2009 and the closing of the plant will further depend on the auto market. If all goes well, the plant stays. If not, it will be swiftly removed no later than in July or August. At the moment, this particular minivan assembly plant employs 4450 hourly workers and to remove 1200 of these workers narrows things down to only 3250 employees. To attempt to save the plant, Chrysler has scaled down over 30% of its capacity and has asked the U.S. and Canadian government to bail them out.
Connection
In this article, it talks about individuals getting laid off and it may seem easy to lay off an employee, but it is not. There are several procedures that companys have to abide by. When one is fired, he or she is put under the Unemployment Insurance Act as well as other procedures that all employees have the right to. This particular Unemployment Insurance Act is a fund where small amounts of the worker's paycheck is deducted and put into this fund in order to aid the struggling recipient. While being laid off, the individual will not have to worry about running out of money and hopefully finds the motivation to seek for a new job.
Reflection
Many people's job positions are in danger right now and with the government busy saving themselves, one can only rely on themselves. Fortunately, with the small deductions from each paycheck received, it is comforting to know that there is a small amount of money saved up to, hopefully, last until a new job has been found. Personally I feel that people should save a portion of their paycheck each and every time in case of emergencies, which would allow for a bit of breathing room and less anxiety. As to the workers being laid off from Chrysler's minivan assembly plant, perhaps a job outside of the car industry would be best, seeing that cars are not doing very well at the moment.
3 comments:
I am not really shocked about the layoff rate of the car industry because of the previous articles that I have read. All of them say that with the world being more and more aware of the changes global warming is causing us, a portion of people might chance the change and start riding a bike. In addition, the current drop of gas prices is not here to stay and when the economy builds up again, we will see a major rise in gas prices again. This in turn will also put the car industry out of business, therefore, I agree with Betty Chan that the ex-Chrysler employees should change industries and hope for a better future.
~Betty Sung
Blk. A
For me the news that a large amount of employees are being laid off no longer comes as a surprise, as the recession is taking its toll on everybody. I also agree that for the employees that were laid off to find a new or stable industry to work for, because with our current gas rates people are allowed to drive more. But as soon as the gas prices rises, people would be discouraged to drive, and would take other means to get to their destination, putting the car business in danger. With the amount of new drivers coming on to the street, many of whom cannot afford to own their own car would be even more discouraged after seeing the gas prices.
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