Pros: job security for low wage employees
Cons: very little opportunity for advancement, impossible to make a living wage.
I was with this company for nearly three years and saw the transition from one type of culture to another.
BEFORE the auto collapse and bankruptcy of GM, employee compensation was high, morale was high, and there was talk of expansion.
AFTER the collapse, the office staff was cut by a quarter, high-salary managers and employees were laid off. The
– more... replacements receive a fraction of the pay and benefits.
The new corporate culture is to pay employees just enough so they don't quit. This cost-cutting has permeated every other department. I understand that the auto collapse shocked the industry, but at the same time, it is tragic to see every employee making six figures pushed out and have their position replaced with an outsider making mid-30s. – less