AM General is laying off about 350 workers because of a cut in the number of Humvees it will make at its Mishawaka plant
due to defense budget cuts and the drawdown of troops from Iraq and Afghanistan.
AM General CEO Charles Hall said the workers will be laid off in late October.
The Army had purchased more than 150,000 Humvees from AM General since 2000, but new production of Humvees for the Army ended
in December 2010.
AM General announced in July it was building 808 Humvees and 744 armored troop enclosures for the vehicles for Afghanistan's
military. The order was part of a contract the Pentagon awarded last year that calls for AM General to build up to nearly
12,000 Humvees.
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AM General to lay off 350 Indiana workers
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If an organization prevents $26.5 billion in defaults and collects $1.3 billion from defaulted borrowers each year, how does that demonstrate an incentive to let loans go into default? Plus, prior to the Great Recesssion, the national student default rate had been cut from over 20 percent to less than 5 percent. See http://www2.ed.gov/offices/OSFAP/defaultmanagement/defaultrates.html. How's that square with your theory on student loan default?
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Still doing national advertising on the Rush Limbaugh show. No thanks, Angie; methinks I know where you also spend your political contributions!
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Bet hers is bigger than "most" who struggle to get jobs. It's the combination of what and who you know that matters today.
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Between the number of people who just sign their proxies with "vote according to the boards recommendations" option and the large number of corporate shares being voted, it's very difficult to get a positive vote on an anti-board initiative. The odds are stacked against any shareholder initiative so a protest is very much in order. It's not just being a poor loser when the odds of winning are minimal.
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If there is anyone out there that thinks this is a good investment please let us in on the secret. 700,000 company shares will buy about 2 months of advertising for the company. What happens when the marketing money runs out and memberships dry up? Short this stock today.
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