< Return to Bears page

General Motors (GM)/Bears/Dependent on unionized labor

GM's dependence on the UAW in North America and on unionized labor around the world (especially in Europe) makes it much harder for the company to either cut costs or turn itself around. Crippling legacy costs will also be a difficult burden for GM to continue bearing.

I understand both sides of the table (union and management) as I've sat on both sides. With many white collar lay offs and salary cuts, let's hope the UAW doesn't allow the same thing to happen as the steel mills where they price themselves out of a job. I'm not placing all the burden for the steel mills going out of business on the unions but they certainly contributed more than their share of grief leading to all but the demise of the steel industry in this country.

Wikinvest © 2006, 2007, 2008, 2009. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.