Friday, June 22, 2012
Dan Akerson Says GM is “Like Communist China in the ‘60s”, Starts Cultural Revolution by Laying off White-Collar Workers
Last month, General Motors posted a third-quarter profit of $1.7 billion US. Not bad for a company that, only just two years ago, was almost bankrupt and was saved thanks to a massive government bailout.
Yet its aim is to reduce costs and increase profits even more. GM representative Jay Cooney told the Detroit News: “GM is continually seeking ways to improve our operating performance and reduce complexity to deliver a world-class cost structure and profit margins.”