Volkswagen to cut over a quarter of U.S. staff
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Volkswagen AG, the world's fourth largest carmaker, plans to cut more than a quarter of its U.S. staff as it moves its local headquarters from Detroit, it said on Thursday.
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BERLIN - German automaker Volkswagen AG said Friday it will cut investment in auto operations by 6 percent over the next two years and reshuffle its management board as part of an overall reorganization process meant to trim costs.
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General Motors Europe will slash its workforce by around a fifth, cutting as many as 12,000 jobs in a bid to halt chronic losses in the region, the world&#39;s biggest carmaker said on Thursday.
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Volkswagen  plans to prices  its vehicles in the U.S. market more aggressively and drop  costly features many customers there don't want, Chief  Executive Martin Winterkorn was quoted as saying.
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Volkswagen AG is threatening to eliminate 30,000 jobs ahead of next week&#39;s wage talks with unions as Europe&#39;s biggest carmaker seeks cost cuts similar to agreements reached by other German companies, including DaimlerChrysler AG.
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Volkswagen of America plans to announce today that it will move its headquarters to Herndon, as part of a new corporate strategy to for revamping its sagging auto business.
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Brussels braced for a major wave of lay-offs at the city's biggest employer after German carmaker Volkswagen announced plans to cut two-thirds of the jobs at its plant in the Belgian capital.
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Volkswagen AG said Tuesday it would stop production of its Golf model at its Belgian plant, shocking workers and government leaders who fear more than 3,500 jobs could be lost.Comment
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LONDON, December 9  - General Motors Corp (XGM.NYS) plans to cut 9,500 jobs at its German unit, Adam Opel AG, as part of its efforts to reduce its significant losses in Europe.
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General Motors Corp., the world&#39;s biggest carmaker, will cut as many as 12,000 jobs in Europe, almost a fifth of its workforce in the region, after $3 billion in losses in the past four years.
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General Motors yesterday reached an agreement to slash nearly a third of its German workforce in a government-supported deal that could cost the US carmaker about $1 billion (Â¤750,824 million).
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BERLIN Facing a struggle to lower costs and lift its profit, Volkswagen said Friday that it would cut investment in its auto operations over the next two years and reshuffle its management board.
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Around 3,200 workers at Volkswagen's   VOWG.DE core VW business in Germany have accepted voluntary   redundancy packages that Europe's biggest carmaker is offering   to prune labor costs, the company said on Wednesday.
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Ford Motor Co. F.N, the No. 2 U.S.   automaker, on Friday said it will cut annual costs by about $5   billion by the end of 2008 and reduce salaried staff by   one-third, or 14,000 jobs, accelerating a restructuring plan.
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Auto parts supplier Delphi Corp. (DPH.N: Quote, Profile, Research) said on Friday it plans to cut 8,500 jobs, or up to 5 percent of its work force, in 2005 because of vehicle
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Volkswagen AG, Europe&#39;s largest carmaker, aims to freeze wages and save jobs at its German factories in upcoming wage negotiations with workers.
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WOLFSBURG, Germany : Around 4,000 workers at three factories of German car giant Volkswagen halted production for about an hour overnight in the first official warning strikes aimed at putting pressure on management in the deadlocked wage talks, unions