Word: strikingly
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Dates: during 1990-1999
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...last week the seething revolt that started at two GM parts plants in old-fashioned Flint, Mich., spread to this Southern paradise. The Flint strike shut off critical parts to the company, forcing the closure of 26 assembly plants and 100 component factories across North America and idling 186,000 workers. The strike is weighing on the economy too, contributing to a 0.6% drop in industrial output in June. The Saturn factory is the only GM plant in the U.S. still turning out cars. Leaders at Saturn's Local 1853, angry over a management decision to cut negotiated bonuses from...
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 of GM's critics believe that the world's largest automaker needs another total makeover. That means dumping factories, jobs--even executives--not to mention junking some of the nameplates no longer needed in GM's shrinking empire...
...last time GM reorganized, in 1992, following a directors' revolt, chairman John F. (Jack) Smith Jr. was handed the wheel. Now the company that Smith heads is reeling. Profits fell 81% in the second quarter, to $389 million from $2.1 billion. Results would have been weak even without the strike...
...Flint, GM and the U.A.W. negotiated a deal they pretended was efficient: in exchange for labor peace, GM pays workers for a full day but allows them to leave early if they have finished their daily quota. GM and the U.A.W. also like to pretend that painful strikes are a necessary evil in building a world-class car company. But the pain of this strike will be mild by comparison if the company fails to resolve its deeper problems...
...strike keeps rolling while an arbitrator hears arguments Wednesday on the company's motion to have the walkout ruled illegal. That's not likely, and some union officials now believe the strike could last through September...