ex GM emp

2 Comments

    • The US Auto Crisis [view article]
      Man, talk about hitting the nail on the head. I worked for GM for 22 years. The first day on the job an older GM engineer told me that GM was never in the forefront of anything, risk averse, always a follower. Let Ford and Chrysler perfect it and then copy them was the mantra. After 22 years, I found he was on the money time after time. In the assembly plant I worked, we had an automatic door installer that failed continuously and stopped production. After five years and many lost units, it was removed in favor of manual installation, the same amount of manpower it took to maintain it. I could name literally hundreds of fiascos that took YEARS to correct, some never corrected until another model was built. They ARE their own worst enemies, hidebound in their culture, history and perceived entitlement to buyers. Jul 21 09:09 AM
    • Analysts Doubt Advertised Savings in GM Deal [view article]
      The analysts can't figure it out because they're number crunchers. They don't know how the plant workforce evolves over time. Example:
      After many years on the line, some assembly line workers whose bodies were shot would transfer to the janitor crew where they would work until they retired and continue to make a comparable wage. Now those jobs are no longer available (non core, paying 14 bucks an hour.) Now what do the broken down assembly line workers do? They retire. Their health care is off the books, their pension is out of the pension fund and their replacement is in with less money a 401k (no pension) and reduced health benefits. I guess you guys are short the stock.       Sep 30 02:35 PM
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