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Auto Jobs Tough to Stick Out
With the unemployment rate now hovering around 5.1% and the market looking weaker with every passing day, it appears as though the number of people who will lose their jobs will increase for the time being.
One of the hardest-hit industries is the auto industry. Americans are simply not buying cars the way they used to, and companies like Ford, Chrysler and General Motors are starting to offer buyouts to their employees instead of issuing a round of layoffs. The idea being that they would give employees the option of taking money to leave their jobs as opposed to suffering through job cuts.
What employment experts argue is that people shouldn’t necessarily take the buyouts, because it’s a threatening gimmick. “Unless you really are very close to retirement and really hate your job it’s a mistake to take the buyout, and even then it might not be worth it,” Steve Viscusi, head of an executive search firm, told MSNBC. People can’t necessarily find similar paying jobs, and they may not necessarily lose their jobs if they refuse it. [MSNBC]