GM elastic or inelastic

As GM suffers more losses from competition, workers suffer by getting their jobs taken away.

The more losses GM has to bear, the more workers get laid off.

"GM didn't give an exact figure but said fewer than 500 jobs were cut Tuesday at 30 locations across the United States, including factories and engineering centers. A cut of just less than 500 jobs would represent about 1.3 percent of GM's U.S. salaried work force of 36,000."

"Under the plan, GM wants to cut 30,000 U.S. hourly workers and close 12 facilities by 2008. GM lost $10.6 billion in 2005, largely because of increased competition and rising costs in North America."

Looking at the numbers, do you think that GM jobs vs. $ lost from competition are elastic or inelastic? As more money is lost, do a lot of jobs get affected or just a few?