General Motors Co's U.S. workforce productivity has declined since the auto...
- General Motors Co’s U.S. workforce productivity has declined since the automaker recovered from a 2009 bankruptcy, even as its profit per employee has risen, a Reuters analysis shows.
GM does not publish direct measures of U.S. productivity. But the number of vehicles the Detroit automaker built in the United States per U.S. employee fell to about 19 in 2018, down 13.5% from the 2010 level. Between 2010 and 2018 GM’s estimated U.S. profit per employee surged 40% to about $94,097 last year, based on analysts’ assumptions that U.S. operations generate about 90% of the automaker’s North American operating profit disclosed in GM filings.However, productivity and operating profit per worker have both slipped at GM between 2017 and 2018.
“The mix change to SUVs and pickups requires more work,” said Ron Harbour, senior vice president for global automotive manufacturing at consulting firm Oliver Wyman. “Pickups for example are the most complex vehicles to build these days.”
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