Marxist and Weberian lenses: GM layoffs
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management
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published 21/07/2008
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SummaryDETROIT, MI – General Motors (GM) chief executives announced major restructuring plans aimed at reviving its corporate fortunes. The company’s major difficulty has been its declining sales over the past year, which have racked up a total of two billion dollars of losses. Such a decline sharply contrasts with the high sales and profits it experienced during the 90’s. The basic cause of the losses has been that its production capacity and output are beyond its levels of sales. Within three years, GM will cut a total of thirty thousand jobs and will close multiple factories. By 2008, this plan will reduce costs by seven billion dollars and reduce production by 4.8 million cars, about twenty percent less than year 2002 levels. GM officials hope for these changes to improve its market shares and eventually bring the company out of the economic depression with which its other American peers are struggling as well.
Table of Contents
- Event summary.
- Theoretical concept: Marx.
- Theoretical re-definition and explanation of event: Marx.
- Analysis of the evidence: Marx.
- Theoretical concept: Weber.
- Theoretical re-definition and explanation of event: Weber.
- Analysis of the evidence: Weber.
- Conclusions.
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