Why GM's Plan Won't Work
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Why GM's Plan Won't Work
Business week articles. Not the best mag, but a couple of interesting numbers here and there.
Why GM's Plan Won't Work
...and the ugly road ahead
http://www.businessweek.com/magazine...2001_mz001.htm
"...As we learned a long time ago from outfits like AT&T, no company is too big to fail, or at least shrink dramatically. Not even mighty GM"
GM And VW: How Not To Succeed In China
http://www.businessweek.com/magazine...2010_mz001.htm
GM's Ace in the Hole: Cash
http://www.businessweek.com/magazine...2013_mz001.htm
10 Turning Points for GM
http://www.businessweek.com/magazine...2014_mz001.htm
Why GM's Plan Won't Work
...and the ugly road ahead
http://www.businessweek.com/magazine...2001_mz001.htm
"...As we learned a long time ago from outfits like AT&T, no company is too big to fail, or at least shrink dramatically. Not even mighty GM"
GM And VW: How Not To Succeed In China
http://www.businessweek.com/magazine...2010_mz001.htm
GM's Ace in the Hole: Cash
http://www.businessweek.com/magazine...2013_mz001.htm
10 Turning Points for GM
http://www.businessweek.com/magazine...2014_mz001.htm
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Joined: Dec 1969
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From: Southern California (SoCal)
Re: Why GM's Plan Won't Work
I already posted most of those articles on thread here last week @ http://web.camaross.com/forums/showthread.php?t=362311 but they are worth rementioning for those who havent read them yet.
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Joined: Sep 1999
Posts: 1,873
From: South Jersey
Re: Why GM's Plan Won't Work
This is a pretty good article.
I found these quotes interesting:
I found these quotes interesting:
Why is it so hard for those inside GM to see the inevitable? Take a step into the Detroit mindset. No active employee was even alive in 1930, the last time a rival sold more cars in the U.S. than GM. The idea of being No. 1 is etched into the company's DNA -- which makes it all but impossible for execs to embrace a strategy of getting smaller. And union leaders have never seen a problem that couldn't be ironed out at the bargaining table. "I think GM and the American auto industry are facing a lot of competition," says United Auto Workers President Ronald Gettelfinger. "But we've always had difficult times."
But Wagoner will be hard-pressed to get enough relief on medical costs, at least before the scheduled contract negotiations in 2007. The Center for Automotive Research (CAR) in Ann Arbor, Mich., estimates that GM could save at least $1.2 billion a year just by closing the gap in co-payments and deductibles between different kinds of employees. A single, salaried worker pays at least $100 a month toward health costs, while hourly union workers pay no premiums and only a $5 co-pay on drugs. But so far, the United Auto Workers leadership has shown no sign that it's willing to reopen a contract that still has two more years to run. When GM's Group Vice-President for labor relations Gary L. Cowger suggested synching up the union and nonunion plans, UAW Vice-President Richard Shoemaker quipped: "If GM wants to give the salaried workers the same health-care plan we have, we're happy to share."
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Re: Why GM's Plan Won't Work
UAW Vice-President Richard Shoemaker quipped: "If GM wants to give the salaried workers the same health-care plan we have, we're happy to share."
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