Re: GM cutting engineering jobs
- From: Russell.Martin@xxxxxxx
- Date: 31 Mar 2006 07:22:39 -0800
Straydog wrote:
On Thu, 30 Mar 2006, BroTher zAchary wrote:
Straydog wrote:
On Thu, 30 Mar 2006, Threeducks wrote:
Russell.Martin@xxxxxxx wrote:
GM has announced it is cutting hundreds of engineering
jobs. I guess management figures GM products are
good enough and the reason the company can't compete
is it's spending too much money on engineers. ;-)
Cheers,
Russell
Yup, things are pretty rotten out here. Lots of people are feeling the cuts.
The big problem is that GM is carrying way too much capacity for their market
share. They are going to have to cut everything and everywhere to become
competitive. They are also saddled with the Delphi disaster. It would not
be a suprise if this was the begining of the end for GM.
Wouldn't it be funny if Toyota bought GM? Then just shut it down and wrote
it off the books, then make Toyotas in the GM factories with new Toyota
signs fastened over the GM signs?
They'd still have to deal with the UAW,
If Toyota shut down the plant and terminated GM, I think, legally, they
can start from scratch and not even hire the old UAW workers. Technically,
this is one of the main purposes of "reorganizations." Especially if the
name of the organization is changed. You fire all the old workers, then
hire new (different) guys at half the wages and, poof, no union. Usually
those union contracts specify what can be done and not done, and if they
wanted to kill the union, then it could be done (read Martin Jay Levitt's
book "Confessions of a Union Buster"). They might hurt their image, get a
backlash, maybe even violence, but if Toyota wanted to do it, they could.
Even if GM just declares bankruptcy, as I understand it
they couls void the contract with the UAW (with court
aprroval, I believe).
snip
Cheers,
Russell
.
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