General Motors,Ford and Daimler Chrysler Are Closing Numerous Factories and Laying

question 13

Essay

General Motors,Ford and Daimler Chrysler are closing numerous factories and laying off thousands of employees.Based on the research on procedural justice,what recommendations could you make to the firms to be fair with those individuals?

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Definitions:

Foreign Hands

Refers to the involvement or ownership by individuals, companies, or governments from other countries.

American Dollars

refer to the currency of the United States, used as the primary form of money in the country and a major global reserve currency.

Domestic Inflation

The speed at which the overall price level of goods and services increases, leading to a decrease in the country's purchasing power.

Trade Deficits

A condition in which a nation's expenditures on imported goods and services surpass its earnings from exports, resulting in a trade deficit.