Word: jobses
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Dates: during 1990-1999
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"The union got some jobs and a promise not to sell plants," says Szczesny. "GM will invest $180 million in the Flint Metal Center in exchange for an improvement in productivity there." In return, the union will settle the festering disputes at three other locations not on strike -- and Szczesny...
Steve Jobs Apple CEO Sept. 19, 1985 So far, so good Sept. 16, 1997
Settling the strike--an arbitration hearing is scheduled for Wednesday over GM's claim that the walkouts in Flint are illegal--is to some extent the least of the company's problems. GM faces enormous challenges with its products, its market strategy, its international business and even its leadership. Many...
In Flint, GM is trying to boost profit margins by outsourcing, a source of contention. But the company needs to make great leaps, not incremental steps. Analyst Stephen J. Girsky of Morgan Stanley Dean Witter estimates that to get into fighting shape, GM would have to close three assembly plants...
Or is it? Hydro Resources contends that its extraction process poses no threat to the groundwater. The U.S. Nuclear Regulatory Commission concurs, and the company has been granted a license to mine. "If there's a resource there, why shouldn't our people be able to enjoy the proceeds of...