< HOME  Tuesday, April 18, 2006

Auto-Virus Sweeps Globe, Infects Citroën

No company, or country appears immune from the onslaught of the worldwide pandemic aflicting the auto sector, a disease for which there is no known cure within the current global economic system.
The UK car industry today sustained another blow as the French car giant Peugeot Citroën announced the closure of its Coventry plant, putting 2,300 jobs at risk. . . .

The company blamed high production and logistical costs [and stagnant sales], which meant that it was unable to justify the investment needed for the production of future vehicles.
Friends of the victims expressed shock and grief as fears mounted that others in the area would fall victim . . .
Union officials said they had been fearing bad news but expressed shock at the scale of the announcement. . . ."This is disastrous news for British manufacturing."

The union said there would be an "enormous" impact on the local economy, estimating that every job at Ryton sustained another three in service firms
But, the incident is symptomatic of a chronic disease that has been festering for decades around the globe. . .
Peugeot Citroën's move marks the latest blow to Britain's car industry. The collapse of MG Rover last year cost 5,000 jobs, while the US car maker Ford, the owner of Jaguar, has also cut jobs and scaled back production in England.
Though, there appears to be some signs of resistance to the condition in France . . .
"It is inconceivable that workers in France would be laid off on this scale."
Meanwhile, goverment officials dream of new ways to increase incentives for infected corporations to continue destroying healthy sectors, while offering paltry aid to their victims.
Peugeot Citroën said it will work closely with unions and the government to provide a comprehensive support package for its staff and to help as many as possible to find other work.
The good news is, it doesn't have to be this way.

Economists have come up with a REVOLUTIONARY new cure that involves surgically removing our cancerous global monetary system and replacing it with a sustainable one.


At Tuesday, April 18, 2006, Blogger jayzerz said...

Teehee, good one!

Yes, I imagine the French workers would be a lot less inclined to take Citroen at its word.

At Tuesday, April 18, 2006, Blogger qrswave said...

The French seem to harbor the last vestiges of revolutionary spirit in the world.

Like Citroen, after acquiring Lucent, Alcatel also plans to cut its quota of jobs from Lucent's US plants; it can't touch French jobs because of stringent labor laws.


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