Oblivious outsider here. The narrative for the layoffs and plant closures is made to sound like an innovative strategy. Maybe it is true maybe not...but is there any more to the story? What lead to the decision?
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To 3eea- Proof we are all in a numbers game and GM dosent care about people , they don't invest in people and try to cultivate the talent they posses , one would think that hey these people have alot of time in with us at the company hmm must be a good reason why they are still here working! It's because they probably are a good worker? They say ahhh it's nothing personal , your just a number you will find something.
I made it through bankruptcy 08 09 , this CEO comes in , I finally made it to Pontiac and worked there for five years now I'm out of a job after 18 total years contract. They invested huge money in the facility and now they want to close it , why? Survived bankruptcy and the company is doing better so let's layoff and consolidate ? Didn't they see all of this was coming ten years ago ? FCA and Ford doesn't want to build cars fine ! I think GM has a real opportunitie to dominate in cars now so why cut sedans and shoot themselves in the foot , Rediculous.
Cut and paste Mary's and the other feminist crusading lecturers sophistry about the gender pay gap, superior diversity agendas, and etc. from Socrates and send it to Tucker Carlson or some other journalists...expose the internal progressive political rot.
Mary Barra was a figure head put in place to soften the image of the company in the face the ignition switch litigation storm. Everyone here knows that. Initially, we believed she was also a fresh start in leadership for a company given a fresh start after shedding an enormous debt load through an illegal bankruptcy. Bond holders got screwed. Tax payers got screwed. A lot of workers got screwed. But Mary would make things right. Fast forward 8 or so years and Mary’s stock has not moved. Mary has no significant achievement to show for her tenure. Wall Street is p-ss-d. Cut jobs. After a ludicrous 5 year hiring spree, cut a good number of those jobs to save face with investors. What does it look like internally? We have a political activist as a CEO. We have progressive feminist as a CEO. We have an environmentalist as a CEO. Worst of all, we have an egocentric crusader destined to leave her mark in the history books will her mainstream electric autonomous nonsense, as CEO. The political nonsense is pushed in the face of the employee every single day through the headlines on our internal website. We get it. We’re an inclusive company. We respect diversity. We respect LGBT. We respected women. Got it. We don’t need articles dedicated to it every day. Focus on building cars and trucks. Cars and trucks people want. But no, move the portfolio to 70% electrified vehicles and jam the customer. You can’t force people to buy what they don’t want.
Mary is a train wreck. Shareholders should petition the board to remove Mary right now. All she has delivered is the age old GM tradition of good old boy (or girl) rule, where the executives operate the company poorly and still get paid absurd salaries for no performance while the rank and file take the beating. It isn’t right. This last 5 years or so has been a disaster. Where is the accountability? Why is the CEOs feet not held to the fire?
What an embarrassment.
I’m not sure what’s worse- being cut or surviving the cut. Nobody I know here has any motivation any more.
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A big shift to AVs with a very naïve understanding at the very top of the limitations of the new kids in California and the strengths of the engineers they already had in Detroit, the complications involved, and the time necessary to solve them, which they just complicated.
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The fact that this supposed change makes all the top leaders already rich before they have to show any of that product.
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The quarterly pressure to show something soon or lose heads at the top.
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A globalist leaning and a diversity leaning coloring thinking and mission-planning.
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Untrue execution of (good) messaged values.
Noticing a pattern with GM. They pull out of all their unprofitable countries leaving only a few left. For all intensive purposes their only real revenue streams are US and China. With GM alienating much of their customer base here, and China sales stalling, it's going to be interesting to see how this unfolds.
My guesses,
To comply with the ignition switch settlement GM added a slew of people, the government oversight ended in August. GM management believes the settlement agreements were not necessary to build safe cars so they can go. Within the process of shedding the settlement costs, people deemed high liability were shed.
9 million people are in default on their vehicle loans, this is a big bubble. I am not sure what GM's exposure is but given the dependence on high ticket trucks I would guess pretty high.
The US Consumer is not important to GM, (along with many other companies) GM is betting on China and India to be the important markets of the future they are moving there.
These are guesses I don't know. The Free Cash Flow target not being met was the reason most espoused by GM Management