GM Europe to slash 12,000 jobs by the end of 2006 in cost-saving drive
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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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Automaker BMW AG said Friday that it plans to cut thousands of jobs next year to reduce costs. via North County Times
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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 (GM) is following through with plans to axe 12,000 jobs in the loss-making European division as the car giant bids to trim operating costs by Â£350 million-a-year.
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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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Germany&#39;s economic woes deepened as General Motors Corp. and KarstadtQuelle AG announced plans to cut as many as 15,000 jobs in Europe&#39;s largest economy.
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Thousands of workers at Saab&#39;s last Swedish automobile manufacturing plant will stop working for two hours Tuesday, protesting a planned wave of job cuts by General Motors that will see 12,000 jobs in Europe eliminated by 2006.
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Undercut by vastly cheaper labor in neighboring Poland and by increasing global competition, the union at Adam Opel AG acceded to a plan by General Motors Corp. to cut 12,000 jobs throughout Europe.
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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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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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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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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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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.
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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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General Motors Corp., the world's biggest automaker, has pledged to avoid plant closures and forced layoffs in Europe as it seeks to return its money-losing European operations to profitability, worker representatives said Wednesday.
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General Motors Corp., the world&#39;s biggest carmaker, will cut as many as 12,000 jobs in Europe, almost a fifth of its workforce, after $3 billion in losses in the region in the past four years.
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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.