GM’s New Plan: Get ready for huge layoffs
January 9, 2009 4:03 pm
In a recent internal memo, General Motors’ (GM) management has begun the grim task of preparing employees for the inevitable: Job cuts… MASSIVE job cuts.
In order to remain complaint with the provisions of the $4 billion of “loans” from the TARP, GM is looking for ways to survive and restructure according to the government’s forced timetable.
Now the plan is to re-engineer their entire business model utilizing the idea of Zero-Based staffing. While that may not be a new idea, it is one that is usually associated with a newer company. How will GM attempt to restructure their current operations from the ground up? Good question. Here is what they are considering..
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