GM to cut jobs in Europe
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Automaker, unions agree to eliminate up to 12,000 workers to curb losses and save $665 million a year. By Ed Garsten / The Detroit News.
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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., 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 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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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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General Motors Corp.  will cut about 900 jobs early next year at a pickup truck plant in Pontiac, Michigan, in a move underscoring sagging demand for some of its most profitable vehicles.
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General Motors Corp. GM.N, 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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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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No. 1 automaker trying to stem losses from unit; most cuts due in Germany next year. RUESSELSHEIM, Germany  - General Motors will cut up to 12,000 jobs over the next two years to reduce annual costs
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Tens of thousands of General Motors workers across Europe were set to stop working on Tuesday in a sign of solidarity with their German colleagues, who face massive job cuts.
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Germany is to bear the brunt of General Motors&#39; decision to axe about a fifth of its 62,000 European workers, although the US carmaker yesterday said it would stop short of factory closures.
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US carmaker General Motors says it plans to cut back on production of some large, sport utility vehicles.
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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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Swedish carmaker Saab reduced its annual sales targets as the General Motors  unit tries to reach break-even, the head of GM Europe said in an advance abstract of a report in Automotive News Europe on Saturday.
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No. 1 automaker&#39;s plan may affect 20% of European work force as it aims to save $500Ma year. FRANKFURT  - General Motors, the world&#39;s largest automaker, is expected to unveil a plan this week to cut
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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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General Motors&#39; loss-making European division is to cut 12,000 jobs in a bid to save $665m (Â£347m) annually. The redundancies will affect a fifth of its workforce, with 10,000 positions going at Opel plants in Germany.