Cars
In a memo sent out to employees, Chrysler LLC announced that it plans to eliminate an additional 1,000 salaried jobs from its salaried workforce due to the continued deterioration in the U.S. market where the company saw its sales drop 22% during the first half of the year. The third-largest U.S.
- Gm To Slash 10,000 Jobs Globally And Reduce Pay By Up To 10%
In the latest round of job cuts, General Motors said today that it will reduce salaried employment globally from a current level of 73,000 to approximately 63,000, with 3,400 of those job cuts coming from the United States where the company employs around...
- Suzuki To Slash More Than 20% Of Its Workforce In Hungary
The latest automaker in Europe to resort to laying off employees to cope with the difficult economic climate is Suzuki. The Japanese automaker said on Friday that it plans to slash more than 20 percent of its workforce in its Hungarian unit near Budapest...
- Ford Reports $2.7 Billion Operating Loss In Q3, Burns $7.7 Billion In Cash, Announces Job Cuts
It can't get any worse for Ford Motor Company - or can it? The American automaker today announced a third quarter net loss of $129 million which is actually smaller than the same period a year ago when FoMoCo lost $390 million. However, the company...
- Ford Cutting Jobs Outside North America
Continuing its cost cutting measures, Ford Motor Company announced today that it will cut some salaried jobs in its international operations. According to a report from Bloomberg, Ford’s spokeswoman Marcey Evans said that the eliminations outside...
- Chrysler Announces More Than 8,500 Job Cuts Along With Cancellation Of 4-models
Shortly after Chrysler LLC confirmed UAW ratification of labour agreement, the third largest American carmaker announced that it will proceed to a reduction of 8,500-10,000 additional hourly jobs through 2008. Chrysler LLC also revealed plans to eliminate...
Cars
Chrysler Planning an extra 1,000 Job Cuts after Sales Decline
In a memo sent out to employees, Chrysler LLC announced that it plans to eliminate an additional 1,000 salaried jobs from its salaried workforce due to the continued deterioration in the U.S. market where the company saw its sales drop 22% during the first half of the year. The third-largest - Gm To Slash 10,000 Jobs Globally And Reduce Pay By Up To 10%
In the latest round of job cuts, General Motors said today that it will reduce salaried employment globally from a current level of 73,000 to approximately 63,000, with 3,400 of those job cuts coming from the United States where the company employs around...
- Suzuki To Slash More Than 20% Of Its Workforce In Hungary
The latest automaker in Europe to resort to laying off employees to cope with the difficult economic climate is Suzuki. The Japanese automaker said on Friday that it plans to slash more than 20 percent of its workforce in its Hungarian unit near Budapest...
- Ford Reports $2.7 Billion Operating Loss In Q3, Burns $7.7 Billion In Cash, Announces Job Cuts
It can't get any worse for Ford Motor Company - or can it? The American automaker today announced a third quarter net loss of $129 million which is actually smaller than the same period a year ago when FoMoCo lost $390 million. However, the company...
- Ford Cutting Jobs Outside North America
Continuing its cost cutting measures, Ford Motor Company announced today that it will cut some salaried jobs in its international operations. According to a report from Bloomberg, Ford’s spokeswoman Marcey Evans said that the eliminations outside...
- Chrysler Announces More Than 8,500 Job Cuts Along With Cancellation Of 4-models
Shortly after Chrysler LLC confirmed UAW ratification of labour agreement, the third largest American carmaker announced that it will proceed to a reduction of 8,500-10,000 additional hourly jobs through 2008. Chrysler LLC also revealed plans to eliminate...