Pros

The pay and benefits, even though those are going away. Some educational opportunities if your schedule allowed you to take advantage of them.

Cons

Constant threat of lay-offs, plant closings, and job loss. Continual mind games in regard to security. The fact that the general public has such a horrid view of hourly GM employees make it unpleasant to tell people you work there even if you're proud of the job you do.

Advice to Senior Management

Be honest with employees. Knowledge is power, true, but shared knowledge is even more power. Stop giving lip service, if you say it MEAN it and LIVE it yourselves. Respect your hourly employees enough to treat them the way you would wish to be treated.