Cars
French Goodyear Workers Take Managers Hostage to Get Higher Severance Packages
Negotiations between management and employees over layoffs can be heated sometimes, but in France, this type of intense discussions can even lead to “boss-napping.†That is the term coined for a phenomenon that has become commonplace in France since the onset of the financial crisis: employees taking the managers hostage as a negotiating leverage.
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Ford Sacks Over 200 Workers At Australian Plant, Despite Receiving Financial Aid…
The axe fell for 212 long-term employees at Ford's Australian operations in the state of Victoria on Friday, November 16, after six months of negotiations over redundancies. In July, Ford had said that it would make 440 workers redundant at its...
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Toyota Brings In Security Guards To Personally Escort Sacked Workers In Australia
More than 200 workers Toyota workers at the firm's Altona plant in Melbourne, Australia, were in for a nasty surprise on Monday as the company went ahead with its original plan to axe 350 employees. The remaining workers will be sacked on Tuesday....
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Marchionne Merges Fiat And Chrysler Group Management Teams
Sergio Marchionne, the CEO of Fiat and Chrysler, has announced the unification of the two automakers’ management teams in one, smaller unit. As Fiat said in a statement, from September 1, the group will have four regional managers for both companies’...
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Volvo Completes Union Talks, 4,616 Job Cuts Worldwide
Ford's Volvo Cars unit which is being prepared for sale by the American automaker, has completed talks with its union representatives. Altogether, 2,721 employees in Sweden will leave the company of which, 2,367 are blue collar workers and 354 white...
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Breaking News: Chrysler To Lay Off 25% Of Its Salaried Workforce Or 4,300 Jobs
The Doomsday clock seems to be getting closer and closer to midnight for Chrysler LLC. In a letter sent to employees today, Chrysler LLC Chairman and CEO Bob Nardelli announced that the firm would take additional salaried and supplemental workforce reductions...
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