Posts Tagged ‘General Motors’

US Auto Manufacturer Company And CEO Report Card

Posted by • September 1st, 2010 • 28 Comments

It’s been a tumultuous couple of years for the big 3 US auto manufacturers. Between the government bailouts, CEO changes and rough economy, it’s enough to make anyone’s head spin. But as we watch from the outside, it’s those on the inside – the employees – who have been faced with the challenge of helping their respective employer ride out the recession. So how do employees at Ford, General Motors and Chrysler feel their automaker employer and top boss (or bosses in some cases) are performing? Glassdoor.com reports¹.

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General Motors To Add 1,600 New Jobs; Employees Offer Insights To New Hires

Posted by • April 28th, 2010 • 110 Comments

Late Tuesday, General Motors announced that they are planning to increase their workforce in North America with 1,600 new jobs. As CNN reported, this news comes as part of a $890 million upgrade of five plants in North America. For those looking for work and who feel GM may be the company for them, Glassdoor has insights into the company, direct from its employees.

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GM Files for bankruptcy: What advice do you have for the company?

Posted by • June 1st, 2009 • 3 Comments

It finally happened —  General Motors officially filed for chapter 11 bankruptcy. Although the numbers varied in the media in terms of the actual on employees effected, reports note that up to 14 plants and 17 factories will be closed, including the lay-off of nearly 8,000 salaried employees between now and the end of the year. All of these efforts will be made in attempt to bring the company back to life in the midst today’s filing. The New York Times includes a great primer on the bankruptcy announcement for those interested in learning more on the details.

Back in April we reported on the cuts GM had made to potentially avoid today’s announcement, along with some advice employees had for CEO Fritz Henderson. Since publishing that blog post, we’ve seen a number of employees offer up additional advice given the current environment. As the last round of cuts didn’t seem to work, perhaps if Henderson and other senior management pay more attention this time around it will help GM get back on its feet:

Look towards the future, should have a break-even point that would be recession proof. Should always have a bottom line and conserve our capital.- Anonymous, Warren, MI

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GM Making Big Cuts to Avoid Bankruptcy

Posted by • April 22nd, 2009 • 1 Comment

General Motors Corp., trying to avoid a U.S.-backed bankruptcy on June 1, may close plants and scrap models as much as four years sooner than planned to lower its break-even point. According to Bloomberg, the cuts could mean GM would be profitable in a U.S. market with sales of as few as 10 million autos. The annual sales rate was 9.9 million in March, after GM said Feb. 17 its break-even target was at 11.5 million to 12 million.

The new CEO announced to employees via email Monday that it will cut about 1,600 salaried workers this week – which is part of a previously announced plan. These planned jobs cuts are expected to take place throughout this week.   And while we’re sure employees are nervous about whether they get to stay or have to go, we’re still getting some insights from them as to what other quick actions can take place to hopefully keep the company afloat. Below are some suggestions that CEO Fritz Henderson can take into account as he weighs some tough decisions:

“Remove your level 8′s if they have been in their positions for more than 10 years!” -Engineer (Warren, MI)

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GM CEO Ousted; CEO Approval Ratings Were Up

Posted by • March 30th, 2009 • 2 Comments

Last night General Motor’s CEO Rick Wagoner was ousted from office in a move that was prompted by the government. As the Wall Street Journal reports “The Obama administration used the threat of withholding more bailout money to force out General Motors Corp. Chief Executive Rick Wagoner and administer harsh medicine to Chrysler LLC, marking one of the most dramatic government interventions in private industry since the economic crisis began last year.”

When we last reported in December on the CEOs for the three major US auto manufacturers, we analyzed employee sentiment around the pending government bailout and found that many employees had pride for their jobs and work but were frustrated – and even embarrassed – with the current situation, the number of management layers and poor decision-making processes.

It’s interesting that throughout the past three months, all CEO approval ratings have increased at least 2 percentage points and most of the companies’ ratings remained stable except for a very slight drop at Ford and GM.

Glassdoor Report: Top 3 US Automakers Comparison (data based on employee sentiment)

 
Company Rating
(Max: 5 Pts.)
3/30/2009
Company Rating
(Max: 5 Pts.)
12/10/2008
CEO
CEO Approval Rating
3/30/2009
CEO Approval
Rating
12/10/2008
CEO Disapproval Rating
3/30/2009
CEO Disapproval
Rating
12/10/2008

Chrysler
2.6
2.6
Bob Nardelli
25%
17%
62%
66%

Ford
3.0
3.1
Alan R. Mulally
65%
63%
14%
14%

GM
3.1
3.2
Rick Wagoner
45%
42%
33%
32%

Focusing back on GM’s Rick Wagoner, our question becomes ...

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