Can someone please explain to me how a company that is probably the most unprofitable company in the history of the world is going to make a profit when it takes the following steps.
(1) Continue paying for 650k retirees pensions and healthcare when you only have 65k employees workign for you. that means for every employee you actually pay for you have to pay 1/2 salary for 10 more.
(2) Sell of your most popular brands and keep only the least popular brands.
(3) Close down the most profitable sales locations and keep only those sales locations that are in areas that agree with your political affiliation.
(4) Shaft real lenders thereby soley relying on the government.
(5) Keep the unions that destroyed you.
I predict they will lose twice as much money next year as they did this year.
What's the solution? Sell everything, give the government 60% of the sales, the union 20% and the bondholders 19% and the stock holders 1% of the proceeds and call it a day. Forget Canada.
People will continue to be employeed they'll just wear different hats.
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