Geez, Bear! I thought you just called TNT a bitch. Sentence structure!
I hope this guy has balls of steel. Mandates from upper mgt. will be the only way out of the well. If anyone wanders from the path, bye bye! EVERYONE can be replaced in that industry.
First thing I would do is to start voiding contracts with Union represented companies and send stuff out for competitive re-bid. Start moving tooling around. Reduce all wages, benefits, and pensions to competitive levels with non-union shops in the US. Hit that low hanging fruit that put you in the sorry position you find yourself in.
I checked, the comma was in the right place.
And you are right, he has got to be ICE.
As for competitive rebid, sounds good but I have been through that, odds are, the number of suppliers are so thin now that the two options are union shops or China. Everyone else has folded or outsourced. That makes a time lag for pulling in parts AND reduces quality control variables. I have been through that rationalization and it sucks.
Wages are being dropped down but that is not the big issue, they are already inline with folks like Toyota and Honda. Drop them much more and as soon as the market picks up folks will leave for those shops.
The biggest problem, that everyone wants to ignore because it is easier to blame labor or quality is simply that, in the past 30 years the market has changed dramatically due to trade laws.
Yes, GM lost market share but it was not all due to quality or overhead. Look at the advent of folks like Hyundai, Suzuki, Kia, Mitsubishi and the growth of Honda and Toyota and the spread of their markets.
Even VW, Saburu and Nissan cranked up volume with new and different model lineups to challenge.
So it isn't just quality, it is breadth of choice. There are 12 or so full sized pickup trucks right now. And the number of SUVs is not even countable. That dilutes the field. Smaller manufacturers don't care about big numbers. Any share, when they are being subsidized by their governments are OK.
So, one of the things that has to be looked at, and with the borging of GM, it now is, is evening the playing field with all the imports. We can't let folks like Chery or Kia or Hyundai have a free ride with a subsidized import while we require GM or Ford to tote the full note and not be able to export to those countries and share the fruit.
Restructuring is going to have a multiple of paths to address, My guess Deese is point man for ONE of those paths, at least that is what is insinuated by most of the articles. Getting our money back is going to take everyone playing on the same team. That seems harder and harder.