General Motors to cut 12,000 European jobs
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General Motors today announced that it is to axe up to 12,000 jobs in Europe over the next two years in a bid to reduce its annual costs by â¬500m (Â£340m).
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General Motors Corp., the world&#39;s biggest carmaker, will save 500 million euros ($664 million) annually at its unprofitable European unit after reaching an agreement with unions to cut 11,500 jobs and reorganize.
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The world's largest car builder General Motors is to cut 12,000 European jobs, trimming $500m (Â£280m) from annual costs, it is reported.
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General Motors Corp., the world&#39;s biggest carmaker, faced wider production cutbacks in Europe as a six-day protest against job-cut plans spread and a shortage of parts from Germany halted work at a Belgian car plant.
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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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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 Europe announced yesterday that it will cut 12,000 jobs on the continent by the end of 2006 in a plan aimed at saving US$617 million per year.
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The world's largest car builder General Motors is to cut 12,000 European jobs, trimming $500m (Â£280m) from annual costs, the Financial Times reports.
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A strike at a General Motors Corp. plant in Germany began to squeeze the company's European production yesterday as a lack of parts halted two other factories, while thousands of workers rallied against GM's plan to cut up to 12,000 jobs across the continent.
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General Motors Corp., the world&#39;s biggest carmaker, said Adam Opel AG division employees in Bochum, Germany, decided to end a seven-day wildcat strike against the company&#39;s job-cut plans in Europe.
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General Motors Europe will chop 12,000 jobs over two years -- around a fifth of its workforce -- to lop 500 million euros ($673 million
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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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DETROIT  - 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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BOCHUM, Germany - Thousands of employees at General Motors Corp.&#39;s European factories staged protests yesterday against the automaker&#39;s plan to slash 12,000 jobs across the continent, while a shortage of parts from a striking German plant forced two other
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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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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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General Motors Corp. GM.N on Thursday  posted 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 percent.