I think my minute amount of smugness can be permitted here. I said early Tuesday morning about GM's labor cuts:
The unions are right to criticize GM's management, but that's not offering a solution. Actually, the union leaders can do something: let them formulate their own plan on how to turn GM around, and present that to the shareholders. If it's sound, the shareholders and directors should listen; if they don't, then they deserve to lose their investment.
Barring that, the union leaders should advise their at-risk members to start applying at Toyota.
Note the very end. And in today's news:
Toyota Quickens Quest to Unseat GM
TOKYO - Toyota Motor Corp. is quickening its quest to unseat ailing rival General Motors Corp. as the world's biggest automaker with reported plans to start manufacturing up to 100,000 Toyota vehicles at a Subaru factory in Indiana.
Word of Toyota's ramped-up production schedule comes just days after money-losing GM said it will close 12 facilities by 2008 in a move that will slash the number of vehicles it is able to build in North America by about 1 million a year.
While it's not exactly next door, Toyota will be a nice lure to the labor pool of skilled, experienced GM workers, not just those facing immediate cuts, but those who lack confidence in their future at an automaker that might be in its twilight.