G.M. Europe to Cut 12,000 Jobs by the End of 2006
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The plan "provides for the majority of the cuts to be in Germany, with a heavy emphasis on managing and engineering," the company said in a statement.
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The Swiss agrochemicals group Syngenta has said that it planned to cut 480 jobs, with 360 of the losses in Britain.
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Automaker BMW AG said Friday that it plans to cut thousands of jobs in 2008.
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RUESSELSHEIM, Germany - General Motors Europe announced Thursday that it plans to cut 12,000 jobs on the continent by the end of 2006 in a plan aimed at saving $617 million per year.    The company said that 90 percent of the cuts would be made in 2005...
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British music giant EMI Group PLC is preparing to cut up to 2,000 jobs, or about one-third of its work force, as part of a contentious restructuring plan being prepared by the group's new owner, Terra Firma Capital Partners, reports said Sunday.
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General Motors will cut around 10,000  jobs in Europe in a drive to save some 500 million euros  ($613.4 million) a year and return its loss-making operations  there to profit, a company source said on Wednesday.
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Cadbury Schweppes Plc , the world's largest confectionery group, plans to cut 7,500 jobs and close around ten plants as it seeks to catch up with the profitability of U.S. rivals after the sale of its drinks arm.
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SBC Communications Inc. plans to cut at least 10,000 jobs, or 6 percent of its work force, by the end of next year to compensate for a drop in the number of local-telephone customers.
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The European Commission cut its growth forecast for 2005, saying record oil prices will damp global demand and warned that five of the 12 countries using the euro will post deficits at or above European limits next year.
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Blaming high labor costs and weak demand for cars, General Motors Europe said Thursday it plans to shed 12,000 jobs - almost 20 percent of its work force - in order to halt chronic losses.
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RUESSELSHEIM, Germany  - General Motors Europe announced Thursday that it plans to cut 12,000 jobs on the continent by the end of 2006 in a plan aimed at saving 500 million euros (&#36;778 million Cdn) per year.
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The world's largest car builder General Motors is to cut 12,000 European jobs, trimming $500m (Â£280m) from annual costs, it is reported.
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Telecoms group Cable & Wireless is to shed 600 jobs in the UK and Europe as part of an ongoing restructuring.
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General Motors Corp., the world&#39;s biggest carmaker, will save 500 million euros ($664 million) annually at its unprofitable European unit after reaching an agreement with unions to cut 11,500 jobs and reorganize.
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The world's largest automaker lowered its annual earnings forecast Thursday, a few hours after announcing plans to cut about 20 percent of its European workforce by the end of 2006 in hopes of saving about $600 million a year.
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LONDON (CBS.MW) -- General Motors said it will cut 12,000 jobs in Europe over the next two years, with the majority of cuts happening in Germany.
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Rolls Royce is planning to slash more than two thousand jobs worldwide, including many in the UK