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General Motors

Published over 4 years ago

There are some news reports about General Motors recent losses, and they are staggering. What's more staggering to me is that they are offering buyout options for around 74,000 workers. That's nuts! Seventy four thousand workers! That's a lot of workers.

My guess is that they actually need most of those workers, and will end up hiring them back as independent contractors or something, without the cost of health care, benefits, and retirement packages.

In my humble opinion, the US automotive industry needs to innovate more than anything to stay competitive in today's global marketplace. They've resisted fuel efficient vehicles for years, and now producers of those types of cars can't make enough of them. Talk about a big mistake...

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Comments



Russell Coker says:


The Japanese car companies are significantly outperforming American companies.  In Japan it's impossible to lay off or sack a full-time employee and even contractors get a year's notice.




While the Japanese labour laws make it too difficult to lay off or sack employees, it seems that the situation in the US is worse in terms of the long-term strategic needs of the country.





Albert says:


Absolutely - I love Japanese cars. In the US, they've always been seen as toys rather than machines, but every time gas prices go up they gain in popularity. Who would have thunk it?




Now with Toyota having some serious pick-up truck action, and some contenders in NASCAR, the entire US opinion of Japanese (and Korean) cars is sure to change for the better, especially with the success of the Prius here. 






As far as the employees go, one of the major problems with the  automobile manufacturing workforce is the cost of health care - and I've been thinking about setting up a blog for the general topic of health care. Just have to come up with a snappy name! :-)