GM to cut 12,000 jobs in Europe
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US car giant General Motors says it is to shed 12,000 jobs in Europe, with Germany bearing the brunt of the losses.
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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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General Motors is to axe almost 1,900 jobs at its Opel factory in Antwerp, Belgium, the manufacturer said on Thursday.
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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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BOCHUM, Germany  - Workers at the Bochum factory of German car maker Opel voted to return to work after paraylsing assembly lines for six days in protest at plans by Opel&#39;s US parent, General Motors, to slash 12,000 jobs in Europe.
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General Motors (GM) plans to announce a massive restructuring Thursday that will eliminate as many as 12,000 jobs in Europe in a move to stem the five-year flow of red ink from its auto operations in the region.
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General Motors' European unit is to cut 10,000 jobs in Germany as part of a plan to save  $665m (Â£347m) annually.
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FRANKFURT, Germany  - General Motors Corp.'s German division announced a deal Thursday that will allow the struggling automaker to cut thousands of jobs while avoiding forced layoffs and offering large incentives for employees to leave.
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General Motors Corp. GM.N will likely  cut some jobs in Europe and may close a plant there as part of  a restructuring plan under development to try to return the  region to profitability, the U.S. automaker said on Wednesday.
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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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A union said that General Motors Corp. plans to cut about 430 jobs at its British Vauxhall operation as part of sweeping cutbacks around Europe.
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General Motors will cut around 10,000 jobs in Europe in a drive to save some 500 million euros (&#36;613.4 million) a year and return its loss-making operations there to profit, a company source said on Wednesday.
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General Motors Corp., the world&#39;s biggest carmaker, will save 500 million euros ($664 million) annually after cutting 11,500 jobs and reorganizing its European division.
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General Motors' GM.N German unit  Adam Opel AG will cut around 9,500 jobs at its loss-making  operations, a source who attended a briefing by the carmaker's  management on Thursday said.
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General Motors Corp. said Thursday it will slash 12,000 jobs from its money-losing European operations -- nearly one in five of its jobs there -- by the end of 2006 in order to save $617 million per year.
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General Motors is reviewing its European operations as it aims to trim costs in the loss-making division. The US car maker said production could be reduced but dismissed reports it had already decided to cut 3,000 jobs.
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RUESSELSHEIM - US automotive giant General Motors aims to slash 9,500 jobs at its German subsidiary Opel, but payroll cuts will come without compulsory redundancies, Opel&#39;s top workers representative said on Thursday.