GM Likely to Cut Jobs in Europe
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General Motors Corp. , in the midst of reassessing its unprofitable European operations, is not ruling out closing a plant there and is likely to cut some jobs, a GM spokesman said on Wednesday.
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DETROIT: General Motors Corp posted on Thursday disappointing quarterly earnings and cut its 2004 profit forecast due to mounting losses in Europe and slowing growth in China, sending its shares down 5%.
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FRANKFURT: General Motors Europe will chop 12,000 jobs over two years - around a fifth of its workforce - to lop 500 million euros ($673m) from costs at the loss-making business, it reaffirmed yesterday.First ...
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European employees of the auto giant General Motors are set to step up protests on Tuesday at the company's plans to cut 12,000 jobs.
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Roughly 5,600 German employees of General Motors Corp. have agreed to accept buyouts offered as part of the world's biggest automaker's efforts to slash jobs in Europe, a labor official said Friday.
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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's biggest carmaker said on Thursday.
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LONDON  - General Motors denied a newspaper report Wednesday that said it plans to cut 3,000 jobs in Europe to offset losses in its operations across the region.
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BOCHUM, Germany  - Thousands of embittered car  workers rallied across Europe against mass job cuts planned by  General Motors, the world's biggest automaker, as labor unrest  disrupted output at more GM plants Tuesday.
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General Motors Corp.'s European unit Thursday announced a deal that will allow the struggling automaker to cut up to 12,000 jobs &#151; most of them in Germany, where it will offer generous incentives for employees to leave.
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General Motors Corp., the world's biggest automaker, has pledged to avoid plant closures and forced layoffs in Europe as it seeks to return its money-losing European operations to profitability, worker representatives said Wednesday.
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General Motors (GM) is following through with plans to axe 12,000 jobs in the loss-making European division as the car giant bids to trim operating costs by Â£350 million-a-year.
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Germany will bear the brunt of the approximately 12,000 job losses, but the company will stop short of immediate factory closures, GM sources said.
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Thousands of General Motors workers across Europe waited for a verdict Thursday on how the world's largest automaker would shake up its money-losing Opel, Saab and Vauxhall operations, with costly plants in Germany considered prime targets for possible job cuts.
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General Motors aims to restructure  its loss-making European operations without resorting to  involuntary redundancies or shuttering any plants, GM employee  representatives said on Wednesday.
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Thousands of employees at General Motors Corp.'s European factories staged protests Tuesday against the automaker's plan to slash 12,000 jobs across the continent, while a shortage of parts from a striking German plant forced two other factories to stop production.
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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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GERMANY - European factories of General Motors Inc. launched a massive strike protesting against the planned major job cuts. The automaker has recently released its plans to reduce the number of jobs by 12