The Challenges GM Is Facing, and the Reasoning Behind Its Plant Closures
Harvard Business Review
NOVEMBER 30, 2018
And the same applies to the affected workers: The tight labor market means there are opportunities for those who go through retraining. but in China as well, and there is too much global auto-assembly capacity chasing that demand. Capital-intensive factories have a high-fixed-cost, low-variable-cost operating model.
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