Talk of The Villages Florida - View Single Post - So...Are The GM Stakeholders Really Serious?
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Old 03-30-2009, 06:21 PM
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Default A most likely scenario that would not be a bad outcome could be for the company

to go back to separate companies, ala pre GM. Get rid of the redundancy of models. Get rid of the so called massive corporate structure and it's built in allocated expense to the different divisions. Get ris of all the non value added organizations and structures. Results would be a smaller white collar and executive work force....there are too many.....so many of the non value added layers, that if they were all not there Monday morning....not a heart beat would be missed.

Get rid of the unions. They add no value either. In a secret ballot if the work force were given a choice to either have a job, for less money (like the non American car companies) with no unions VS higer wages and no job....what do you think they will vote for? I come from the school of a half a loaf is better than no loaf at all. It is time for it now!

Result....smaller overhead more efficient smaller companies.

I have been there....done it. It is painful but beats the alternatives.

By all means get the government out of it....they are the most expensive non value adder of all.

The new companies either pay their way or consolidate some more or shut em down. That does work.
Check the bankruptcy firms over the years of large entities and see what they do first....most of the above. As thy are successful, they grow share and the new company will grow with out the over head a the unjustifiable wages.

Chapter 11 and reorganization through the courts is the only way out. throwing more money at the existing structure will only allow the clock and calendar to pass. Then the above will happen anyway, but billions of dollars and months later.

GM unlike the US Government cannot sustain business as usual.

BTK