With the whole auto industry restructuring to meet governmental mandates concerning operating costs and profits, GM is scrambling to meet those obligations. And it's coming up with some fairly creative ways to meet those terms.
One that's on the table is moving its headquarters out of Detroit. That would be a HUGE blow to the Detroit economy, not to mention the disruption of tens of thousands of employees and suppliers who rely on GM for their incomes.
As this story unfolds, it'll be interesting to see how GM treats its employees. Yes, layoffs and plant closures are definitely going to happen. But it's how they're handled that will determine GM's health once it emerges from this troublesome period. People don't forget how a company acts in good times and bad.
So it'll do GM some good to meet their employees' obligations while it tries to meet those of the government. Because it's the ones who are left who will determine whether GM is successful or not, no matter how fancy the restructuring effort is.
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