Lear seeks cuts, cheap labor
“Southfield-based Lear Corp., which employs 9,400 workers in Michigan and about 100,000 more worldwide, fired its second warning flare this year on Monday that it will cut jobs and do more of its business in countries where labor is cheaper.”
Ah, cheap labor. I guess Lear is already as lean as they can be, that they have to now go chasing cheap labor? Good luck, I hope they’re able to reduce their total cost, that they don’t spend more shipping parts in from overseas. How will they respond to just-in-time delivery requirements from low cost countries? Management is making all kinds of threats, as if the problem is solely with labor. Nobody ever publicly threatens to replace an underperforming management team like that.
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