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| Topic: |
Business
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| Number of pages / Number of words: |
17 / 4622 |
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The CEO of Ford and GM did not attempt to fun and hide from the fact that each organization lost billions of dollars consecutively over the past couple of years. The harsh realization that a quick fix was not relevant, but rather a long-term shift in operations in North America, relationships with foreign operations, partnerships with labor Unions, and a rapidly changing market demand of products had to be addressed quickly...
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Lay-offs and operational plant closures were a result. Similar to this scenario, Delta and Southwest witnessed similar problems to GM as well. High losses due to health care costs and pension paid to employees over the years calculated losses to the organizations’ bottom dollar. In addition, rising fuel costs crippled the air line industry as well as U...
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