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  • Wall Street Breakfast: Must-Know News [View article]
    Labor is about 13% of COGS and contribution costs are about 55-60% of COGS. GM has a business model redesign issue that is much more important to unit costs.


    On Nov 06 02:25 PM axelrod608 wrote:

    > Robert Sare - if I get what you're saying correctly, the unions are
    > willing only to choose between two options -
    >
    > work for wages that are unsustainable and will kill the company or

    >
    >
    > not work.
    >
    > The ONLY thing that will fix our auto industry is to restrucure costs,
    > the greatest of which is personnel. Without that, bankruptcy is
    > just a matter of time.
    >
    > And it would also require serious reductions in officer, director
    > and white collar salaries as well.
    >
    > There is NO other solution. Current personnel costs are unsustainable,
    > long term.
    Nov 09 12:32 pm |Rating: 0 0 |Link to Comment
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