General Motors Europe Axes 12,000 Jobs
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General Motors Europe (GM.N: Quote, Profile, Research) will chop 12,000 jobs over two years -- around a fifth of its workforce -- to lop
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About 2,000 workers stayed off the job Friday at a General Motors plant in Germany threatened by job cuts, while the company's European president attempted to reassure employees that the auto giant hadn't fixed how many jobs would go in the country &#151; a prime target in its cost-cutting plan.
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Staff at  General Motors are to hold protests across Europe at the company's plans to cut 12,000 jobs.
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Blaming high labor costs and weak demand for cars, General Motors Europe said Thursday it plans to shed 12,000 jobs - almost 20 percent of its work force - in order to halt chronic losses.
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General Motors sees its net profits fall 37% in the last quarter of 2004, as it continues to be hit by losses in Europe.
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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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General Motors Corp. offered German workers generous buyouts Thursday to pave the way for up to 12,000 job cuts in Europe, where the world&#39;s largest automaker is struggling to end years of losses amid fierce competition and weak demand.
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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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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 is to axe almost 1,900 jobs at its Opel factory in Antwerp, Belgium, the manufacturer said on Thursday.
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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's US parent, General Motors, to slash 12,000 jobs in Europe.
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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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US car giant General Motors says it is to shed 12,000 jobs in Europe, with Germany bearing the brunt of losses.
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General Motors, the biggest car maker, said it has started negotiations with unions to cut jobs in Europe. Car giant is going to cut as much as 12,000 jobs in its Europe unit that suffered losses recently.
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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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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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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.