Jaguar to Eliminate 1,150 Jobs
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Luxury carmaker Jaguar said Friday it was stopping assembly work at its headquarters and cutting 1,150 jobs as a result of overproduction and poor sales in the key US market.
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Ford Motor Co. said Tuesday it will end the second of its two production shifts at its suburban assembly plant effective Jan. 3, eliminating about 800 jobs.
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Stepping up an overhaul of its big technology services business, high-tech conglomerate IBM Corp. yesterday notified 1,570 employees worldwide that their jobs are being eliminated.
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US car giant Ford is expected to tell Jaguar workers on Friday that it will close the firm's historic Coventry factory
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Morgan Stanley  is cutting about  1,000 jobs in the coming week, part of efforts to trim costs  ahead of what it expects will be a tougher business  environment, a person briefed on the moves said on Thursday.
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Motorola Inc., the world&#39;s second-largest maker of mobile phones, will cut 1,000 jobs as the company prepares to spin off its computer-chip business, costing $50 million in severance payments.
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The German car maker BMW is set to eliminate "several thousand" jobs next year as part of a cost-cutting plan, a spokesman for the group told AFP on Friday.
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Jaguar is to halt production at one of its plant in Coventry, central England, with the loss of more than 1,000 jobs, because of weak demand for the luxury brand, US parent company Ford announced.
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Chrysler Group plans to cut 1,000  salaried jobs by the end of June, the first action under a  previously announced turnaround plan that targets a total of  13,000 job cuts, the automaker said on Friday.
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Plans to stop production at a Jaguar car plant in the West Midlands are discussed by MPs.
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Hershey co.  on Thursday said it  would cut about 1,500 jobs and reduce the number of production  lines it operates by more than a third as it tries to  streamline manufacturing to improve profits.
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General Motors of Canada  will cut about 1,100 jobs at a truck plant in Ontario amid slumping pickup sales, the company said on Thursday.
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Production of Jaguar cars is to end at one of its main UK factories, with the loss of 1,150 jobs. About 750 white collar workers and 400 production staff will lose their jobs at the Browns Lane site in Coventry
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The Swiss banking group Credit Suisse said Wednesday it was shedding 150 jobs due to the impact of the recent subprime lending crisis in the United States.
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Jaguar car production is to end at a plant in Coventry, Warwickshire, with the loss of more than 1,000 jobs because of weak demand for the luxury brand, US parent company Ford announced.
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Jaguar is to halt production at one of its plant in Coventry, Warwickshire, with the loss of more than 1,000 jobs, because of weak demand for the luxury brand, US parent company Ford announced.
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Morgan Stanley  on Wednesday said it will eliminate 1,000 jobs as it scales back its U.S. residential mortgage operations and closes its British residential mortgage lending business, Advantage Home Loans.