<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns="http://www.w3.org/1999/xhtml"> <head profile="http://gmpg.org/xfn/11"> <meta http-equiv="Content-Type" content="text/html; charset=UTF-8" /> <title>Doug Henwood Talks » Blog Archive » Challenger on GM</title> <meta name="generator" content="WordPress 2.2.2" /> <!-- leave this for stats --> <link rel="stylesheet" href="http://henwood.blogspace.com/wp-content/themes/plain/style.css" type="text/css" media="screen" /> <link rel="alternate" type="application/rss+xml" title="RSS 2.0" href="http://henwood.blogspace.com/?feed=rss2" /> <link rel="alternate" type="text/xml" title="RSS .92" href="http://henwood.blogspace.com/?feed=rss" /> <link rel="alternate" type="application/atom+xml" title="Atom 0.3" href="http://henwood.blogspace.com/?feed=atom" /> <link rel="pingback" href="http://henwood.blogspace.com/xmlrpc.php" /> <link rel='archives' title='September 2007' href='http://henwood.blogspace.com/?m=200709' /> <link rel='archives' title='August 2007' href='http://henwood.blogspace.com/?m=200708' /> <link rel='archives' title='July 2007' href='http://henwood.blogspace.com/?m=200707' /> <link rel='archives' title='June 2007' href='http://henwood.blogspace.com/?m=200706' /> <link rel='archives' title='May 2007' href='http://henwood.blogspace.com/?m=200705' /> <link rel='archives' title='April 2007' href='http://henwood.blogspace.com/?m=200704' /> <link rel='archives' title='March 2007' href='http://henwood.blogspace.com/?m=200703' /> <link rel='archives' title='February 2007' href='http://henwood.blogspace.com/?m=200702' /> <link rel='archives' title='January 2007' href='http://henwood.blogspace.com/?m=200701' /> <link rel='archives' title='December 2006' href='http://henwood.blogspace.com/?m=200612' /> <link rel='archives' title='November 2006' href='http://henwood.blogspace.com/?m=200611' /> <link rel='archives' title='October 2006' href='http://henwood.blogspace.com/?m=200610' /> <link rel='archives' title='September 2006' href='http://henwood.blogspace.com/?m=200609' /> <link rel='archives' title='August 2006' href='http://henwood.blogspace.com/?m=200608' /> <link rel='archives' title='July 2006' href='http://henwood.blogspace.com/?m=200607' /> <link rel='archives' title='June 2006' href='http://henwood.blogspace.com/?m=200606' /> <link rel='archives' title='May 2006' href='http://henwood.blogspace.com/?m=200605' /> <link rel='archives' title='April 2006' href='http://henwood.blogspace.com/?m=200604' /> <link rel='archives' title='March 2006' href='http://henwood.blogspace.com/?m=200603' /> <link rel='archives' title='February 2006' href='http://henwood.blogspace.com/?m=200602' /> <link rel='archives' title='January 2006' href='http://henwood.blogspace.com/?m=200601' /> <link rel='archives' title='December 2005' href='http://henwood.blogspace.com/?m=200512' /> <link rel='archives' title='November 2005' href='http://henwood.blogspace.com/?m=200511' /> <link rel='archives' title='October 2005' href='http://henwood.blogspace.com/?m=200510' /> <link rel='archives' title='September 2005' href='http://henwood.blogspace.com/?m=200509' /> <link rel="EditURI" type="application/rsd+xml" title="RSD" href="http://henwood.blogspace.com/xmlrpc.php?rsd" /> </head> <body> <div id="page"> <div id="header"> <div id="headerimg"> <h1><a href="http://henwood.blogspace.com">Doug Henwood Talks</a></h1> <!-- <div class="description">Just another WordPress weblog</div>--> </div> </div> <hr noshade size="3" /> <div id="content" class="widecolumn"> <div class="navigation"> <div class="alignleft">« <a href="http://henwood.blogspace.com/?p=2140">Re: ruling class</a></div> <div class="alignright"><a href="http://henwood.blogspace.com/?p=2142">single-payer: the local angle</a> »</div> </div> <div class="post" id="post-2141"> <h2><a href="http://henwood.blogspace.com/?p=2141" rel="bookmark" title="Permanent Link: Challenger on GM">Challenger on GM</a></h2> <div class="entrytext"> <p>[CGC is the headhunting firm most famous for its monthly counts of corporate layoff announcements.]</p> <p>CHALLENGER, GRAY & CHRISTMAS, INC.<br /> DATE March 28, 2006 </p> <p>For Release Upon Receipt</p> <p>Statement by John A. Challenger, chief executive officer of global outplacement consultancy Challenger, Gray & Christmas, Inc. on the Tuesday white-collar job cuts by General Motors.</p> <p>NEW YORK - “General Motors response to its $10 billion loss still looks more like the beginning of the end for the company. The labor agreement has not changed - it will now be applied to fewer workers. The massive buyout, if it becomes the solution rather than a strategy preparing GM for fundamental transformation, may simply be a massive dose of the wrong medicine. When the United Auto Workers and GM start contract negotiations in 17 months, or perhaps it will happen at the UAW/Delphi talks this spring, both parties will decide whether they really want to save a company that can no longer be the same company. If management is not able to create an agreement with the workers consistent with what other manufacturers are offering their workers today, or the UAW decides to strike, the company could go under.</p> <p>“It is still a train wreck waiting to happen, and it will be hard to get it off the rails.”</p> <p class="postmetadata alt"> <small> This entry was posted on Tuesday, March 28th, 2006 at 11:26 am and is filed under <a href="http://henwood.blogspace.com/?cat=1" title="View all posts in Uncategorized" rel="category">Uncategorized</a>. You can follow any responses to this entry through the <a href='http://henwood.blogspace.com/?feed=rss2&p=2141'>RSS 2.0</a> feed. You can <a href="#respond">leave a response</a>, or <a href="http://henwood.blogspace.com/wp-trackback.php?p=2141" rel="trackback">trackback</a> from your own site. </small> </p> </div> </div> <!-- You can start editing here. --> <!-- If comments are open, but there are no comments. --> <h3 id="respond">Leave a Reply</h3> <form action="http://henwood.blogspace.com/wp-comments-post.php" method="post" id="commentform"> <p><input type="text" name="author" id="author" value="" size="22" tabindex="1" /> <label for="author"><small>Name (required)</small></label></p> <p><input type="text" name="email" id="email" value="" size="22" tabindex="2" /> <label for="email"><small>Mail (will not be published) (required)</small></label></p> <p><input type="text" name="url" id="url" value="" size="22" tabindex="3" /> <label for="url"><small>Website</small></label></p> <!--<p><small><strong>XHTML:</strong> You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong> </small></p>--> <p><textarea name="comment" id="comment" cols="100%" rows="10" tabindex="4"></textarea></p> <p><input name="submit" type="submit" id="submit" tabindex="5" value="Submit Comment" /> <input type="hidden" name="comment_post_ID" value="2141" /> </p> </form> </div> <hr /> <div id="footer"> <p> Doug Henwood Talks is proudly powered by <a href="http://wordpress.org">WordPress</a> <br /><a href="feed:http://henwood.blogspace.com/?feed=rss2">Entries (RSS)</a> and <a href="feed:http://henwood.blogspace.com/?feed=comments-rss2">Comments (RSS)</a>. <!-- 18 queries. 0.814 seconds. --> </p> </div> </div> <!-- Gorgeous design by Michael Heilemann - http://binarybonsai.com/kubrick/ --> </body> </html>