Managing & The Firestone Debacle vs. “Best Companies to Work For” Analysis
The Wall Street Journal’s January 10, 2002 article “Hidden Cost of Labor Strife” describes how incorrectly reducing labor costs results in higher operating costs. A Fortune magazine article cites examples of correctly reducing costs in difficult times and have employees support your decisions, be sympathetic and helpful. At Emerson Electric Co., we never had employees be sympathetic and helpful when we sought wage cuts, job rule... Read More
