Like Ford and Visteon earlier this month, GM will cuts pay For contract firms The decision could affect up to 12,000 engineers, designers and programmers. This will hit Kelly Services, Modern Engineering and the Bartech Group among others that are on the vendor lists.
Expect contractors to loose their jobs, loose benifits, and accept pay cuts. This close to Christmas, I’d imagine that they’d not loose 7% of the billing rate or, at least split the difference with the consultants. Perhaps some firms out there will. Oh well, it’s not a problem because everything will be okay come spring 02, right? Of course it will.