The average costs of an active employee is 130,000 a year, and the average cost for a retiree before Medicare is about 50,000. The savings are enormous.
More Quotes from David Cole:
When you look at the complexity of the business, it's not really a surprise. There's a lot of legacy practices that need to be fractured. What they have now with e-technology are the tools to really get at it.David Cole
Also, the supplier who's not here one maybe from India or China that could gain entrance to the market. It's a competitive way to get access to the technology. There's also reason for the supplier here to buy, because they could keep the outside supplier away.
David Cole
If they're successful at getting leaner and more flexible as they talk about, it gives them ability to adapt to the market.
David Cole
This is not a place for weaklings or the faint of heart. It's a rugged part of the business.
David Cole
What they're really looking at is the long-term implications of this. In the past, there was a decidedly short-term mentality, and basically what (GM) would say is we'll settle so we can meet our quarterly profit projections. That's different today. The financial community is concerned about the short-term returnbut what they're focused on is the long-term profitability.
David Cole
I can't believe he'd make an announcement of that without labor being supportive of it. They (the union) are in a position where they are very vulnerable. Without strong employers, their job protections don't mean anything.
David Cole
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