24/7 Wall St.
06-06-2008, 07:50 AM
24/7 Wall St. Daily News
Tautology has raised it ugly head in Detroit where car company executives insist that the more people they fire, the more productive they become. So they fire more people each month and repeat the rationale. The programs seem to be working, at least at the most superficial level. According to The Wall Street Journal "Detroit's massive job cuts in the past two years have leveled the playing field for the Big Three auto makers and all but eliminated the substantial labor-cost advantage their Japanese rivals once enjoyed." It now takes GM (GM) about thirty-two hours to build a car versus...http://feeds.feedburner.com/~f/typepad/RyNm?i=BepfgI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=BepfgI) http://feeds.feedburner.com/~f/typepad/RyNm?i=KpolQI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=KpolQI) http://feeds.feedburner.com/~f/typepad/RyNm?i=rzMKji</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=rzMKji)
complete story here... (http://www.247wallst.com/2008/06/detroit-bloodba.html)
Tautology has raised it ugly head in Detroit where car company executives insist that the more people they fire, the more productive they become. So they fire more people each month and repeat the rationale. The programs seem to be working, at least at the most superficial level. According to The Wall Street Journal "Detroit's massive job cuts in the past two years have leveled the playing field for the Big Three auto makers and all but eliminated the substantial labor-cost advantage their Japanese rivals once enjoyed." It now takes GM (GM) about thirty-two hours to build a car versus...http://feeds.feedburner.com/~f/typepad/RyNm?i=BepfgI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=BepfgI) http://feeds.feedburner.com/~f/typepad/RyNm?i=KpolQI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=KpolQI) http://feeds.feedburner.com/~f/typepad/RyNm?i=rzMKji</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=rzMKji)
complete story here... (http://www.247wallst.com/2008/06/detroit-bloodba.html)