Spotlight: What Toyota Knows That GM Doesn’t
Normally, I’d be obliged to write my own material concerning the auto industry’s bailout (well, that’s for tomorrow!), but this piece (that was on the Delicious popular page) was way too good to pass up.
Linked from here.
…The lesson here: Unlike their counterparts GM and Ford, Toyota has always taken a long-term strategic view about their employees. Toyota understands that laying off thousands of employees for slowdowns or plant retooling is counter productive. They wisely utilize the time to redistribute their workforce to understaffed plants, provide additional training for the new products, and leverage their workforce to speed the transition for newer products. Their philosophy has avoided labor disputes and staffing shortages. It has kept the company as a leader in quality and profitability over its shortsighted competitors….
Check it out!