Oh yeah, I just saw that on the wire..... Every company has fat too. Not just 100% greedy board members. I have seen it from both ends. Working for a large mfg, and also having fat under me.
I think they are looking to the future, and doing some early damage control, because the Hummer line, and full size SUV's have peaked, and will slowly decline, as hybrids, and other more gas friendly cars, vans, trucks will start to take over again.
A lot of US mfg are still way behind many other nations. Many do NOT even use Lean Manufacturing processes. One of my forte's is helping build a "Lean" mfg company from ground up. We have now eliminated all overtime, have 20% fewer employee's (same production volume), have shipped EVERY SINGLE order on-time for over 2 years now (industry leader). We are now less cluttered on the floor, reduced re-work by 10 fold, and shrunk leadtimes from weeks to hours.
(I wish I could get some of my NSX parts mfg to produce like that) Are you listening Volk?????
If they are doing some of the lay-off's due to converting to "Lean" than some extra outsourcing will be needed, which will "create" jobs in the area for the displaced.