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Originally Posted by jorgelito
I live in California where unemployment is near 8%. Doesn't look too good at the moment but it's bearable for now. Lots of competition out there but if you got the skills and the resume then you should be able to weather the storm.
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Like the people in jewels post- it isn't going to matter much if you have a great resume if markets flooded with well qualified people.
Bill Heard Chevrolet Closes Dealership, Hundreds Left Unemployed - News Story - WFTV Orlando
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The closure of the Sanford-area location is just one of 13 stores Bill Heard Chevrolet closed throughout the country, Wednesday.
"I think it's crazy. They didn't give us any notice, said former employee Matt Shinner.
Central Florida employees were told in a 2:00pm meeting Wednesday that the dealer was facing grave financial problems due to credit troubles, gas prices and slow sales, and would shut down immediately. By 4:30pm, workers were packing up boxes and an employee shut a gate so no one could get on the lot.
"They let us know today it's a done deal," said Rashad Gilchrist. "No heads up. It was, 'Goodbye guys and good luck in the future.'"
The closure affects the entire dealership; new cars, used cars, maintenance and repair shops. Many employees say they simply were given their final paychecks and told their jobs were gone. One said he was "shocked" and worried that it would be difficult to find another job in the ailing car industry.
"The immediate effect of this is terrible with all these people losing jobs. We understand the job market is tough, but now to work somewhere else is even tougher," said former employee C.J. Kinch.
One employee who is being kept on temporarily said ongoing repairs would be finished, as would paperwork from recent sales.
Bill Heard Chevrolet is based in Atlanta and has been operating for nearly 100 years. It was one of General Motors' largest automotive groups. Nationwide, some 3,500 employees are affected.
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3,500 people may not sound like many, and frankly on a national scale it's not. But if the trend is to cut back and lay off in the industry it could quickly become near impossible to find employment. Or at least find employment in your field. I used to know a guy who worked at a major dealer in San Diego. Might have been GM, might have been Ford- can't remember now. But his specialty was dash components and troubling shooting, shorts etc... I have no idea if that's what he's still doing, haven't seen him in 10 years. But as I read this article I thought about him. He used to go to a week long training once a year to learn how to work on the new model's dashes. If the dealer he works at closes down where is going to use that skill elsewhere?
What happens to these people? Do they end up under employed in the labor and service industries? If so do they make enough to pay their bills? If they don't does that further create more down turn in the economy? Does this add to the foreclosure numbers?
I honestly think this could lead to a very viscous circle.