GM hired Hackett to cut white-collar jobs

Article by Christian A., 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:

Comments

Recommended

The new Jaguar E-Pace crossover will soon hold its official launch on July 13 and is expected to arrive at the showrooms by early next year. It couldn’t have come...
by - June 24, 2017
New and improved 2018 Subaru Legacy comes packed with a number of upgraded features from the get go - from the exterior to the interior. And the company has finally...
by - June 23, 2017
In an interview involving Lamborghini CEO Stefano Domenicali and Automotive News, the topic about the Urus was thoroughly discussed. This super SUV is scheduled to make its debut later this...
by - June 23, 2017
Porsche definitely adores variety. You’ll see what we mean if you browse through the official company's website that shows a plethora of various 911 models. And now, the German marque...
by - June 23, 2017
2018 Ford Expedition is on its way to the market, and will be arriving at dealerships this fall. The all-new SUV will come with a new design, new EcoBoost engine,...
by - June 23, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries