Word: gm
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Dates: during 2000-2009
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...White House officials said GM's pension funds will move over to the new GM. But some of the automaker's salaried retirees fear that, since they don't have a union, GM might not make their concerns a priority. Consequently, they have retained lawyers to force GM to ensure that their claims involving benefits and pensions are lodged with the new company...
...While it's not part of the chief restructuring officer's job description, Koch will also be responsible for getting rid of a lot of very bad industrial karma. "The GM that many of you knew, the GM that let many of us down, is history," says Henderson...
...piece of real estate that won't be on the list, even though it is only partially occupied now, is GM's riverfront headquarters in downtown Detroit, a city that's now world famous for its industrial ruins. The Obama Administration has decreed the headquarters will stay downtown - at least for now - rather than move to vacant space at the GM Technical Center in suburban Warren. (Watch an interview with Ford CEO Alan Mulally...
...GM had planned to close even more plants, but the United Auto Workers prevailed on the Treasury Department to idle three other plants but move them over to the new GM. The company had based its latest round of plant closings on the assumption that U.S. car sales will only reach 10 million now and stay at that level in the future. However, union leaders argued that GM should keep the plants as a hedge against a robust recovery in new vehicle sales, possibly next year or the year after. "We know they're not going...
Willow Run, almost on the edge of Ann Arbor, Mich., was built not by GM but by Ford, opening in April 1942. From the start, its job was to turn out B-24 bombers, the workhorse of the U.S. Army Air Force's strategic campaigns in World War II, unaffectionately known to its crews as "the flying shithouse." The plant took a while to get going. There was a shortage of local labor, which meant that workers had to be imported from Appalachia (Ypsilanti, a local town, became known as "Ypsitucky"). Mosquitoes plagued the site until Henry Ford imported...