GM hired Hackett to cut white-collar jobs

Article by Christian Andrei, on December 23, 2011

Management consultant Hackett Group has recently been hired by General Motors Co. to help in spotting ways to reduce its number of white-collar jobs, according to two insiders. However, just how much will be cut has yet to be determined. The Miami-based Hackett Group will assist in finding out what to do in order to achieve cuts and improvements in efficiency at its headquarters as well as other parts in North America.

GM spokesman Jay Cooney said that GM has been reducing its number of engineers and other white-collar staff members. However, he will not confirm if Hackett Group has been hired. In the past few months, GM CEO Dan Akerson has been lessening costs so that it could boost its margins. GM has set a target to surpass Ford Motor Co.'s predicted earnings before interest and taxes of 7% of sales and target.

Notably, Hyundai Motor Co. anticipates a 10% figure. Cooney explained that GM won’t utilize mass cuts or buyouts as it did before it entered bankruptcy proceedings in 2009. He said that the company is “streamlining” its business and aiming to be more efficient.

That is why it has plans to reduce its workforce globally. He added that GM continues to find methods to enhance its operating performance and lessen its complexity to offer a world- class cost structure and profit margins. Hackett Group spokesman Gary Baker declined to comment if the company is working for GM. [source: Bloomberg]

Topics: gm

If you liked the article, share on:


Login or Create new account to add a comment!


Many have been excited with the impending arrival of the next-generation Jeep Wrangler and the new 2019 Jeep Grand Wagoneer, which is slated to be the brand’s new range-topping model....
by - October 21, 2016
Chevrolet has taken the wraps off its new Chevrolet Colorado ZH2 at the fall meeting of the Association of the United States Army (AUSA). Tagged as the most extreme fuel-cell-powered...
by - October 21, 2016
Honda has unveiled the fifth generation of its hot-selling SUV – the 2017 Honda CR-V. The latest iteration of the CR-V should help it maintain its benchmark status in the...
by - October 21, 2016
Many are already expecting BMW to launch an ultra luxurious SUV that will serve at its new flagship by late 2018. Larger than the X5 and X6, the new X7...
by - October 21, 2016
Most of you may have heard or already have one of those autonomous home appliances doing the house chores. Thus, it’s not anymore unusual to see a car going places...
by - October 20, 2016