Tuesday, June 2, 2009

Details, details

Very informative post on GM. Writer is pessimistic, but sees ways deal could work.

Productivity is still lower in U.S. plants of U.S. firms that it is in U.S. plants of foreign-based firms. As a result of high compensation costs per worker and low productivity, it appears that labor cost per vehicle produced will still be uncompetitive with the transplants.

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