GE's COMPETITION:
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Imagination at Work
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Every time GE further enriches itself at our expense the excuse is the same the need to be
more "COMPETITIVE"! So whether its more farmouts, job combinations, insurance cost shifting, or turning
thumbs down to our contract proposals, GE blames what they call "the tide of global competition".
But if we take a hard look at GEs globe, we can find no competition worthy of the name, for
in every significant measure of economic performance GE dwarfs the so-called competition.
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GE's American Competitors
Profits Per Worker, 2002
(in thousands)
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Raytheon
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Whirlpool
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Honeywell
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United Tech.
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Emerson
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GM
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Maytag
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Osram Sylvania
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GE
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Take profits per employee for instance, a good measure of worker productivity. It turns out that GE is making
four times as much profit per employee as its closest domestic competitor.
But what about those "global competitors in Europe and Asia?
It seems that they are no problem for GE either. In fact the only global competition GE workers
need to worry about is from GEs own foreign operations.
GE's Major Foreign Competitors
Profits Per Worker, 2002
(in thousands) |
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Philips
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Toshiba
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Hitachi
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Rolls-Royce
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ABB
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Siemens
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Electrolux
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Mitsubishi
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GE
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Invoking the specter of the competition is an example of GEs "imagination at work".
Not only do they have scores of "joint ventures" with the so-called competition, but GE buys over 100 companies a year
on average. Thats about two per week!
GE workers should indeed be rewarded based
on "competitiveness". When THAT happens,
we will easily have the best wages
and benefits in the entire world.
United Electrical, Radio and Machine Workers of America (UE)
One Gateway Center Pittsburgh, PA 15222 412-471-8919
www.ranknfile-ue.org
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