GM to cut 12,000 jobs in Europe
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US car giant General Motors says it is to shed 12,000 jobs in Europe, with Germany worst hit.
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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 (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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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.
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Employees at an Opel plant in western Germany abandoned work again early Friday after parent company General Motors announced a plan to shed 12,000 jobs across Europe, a union spokesman said.
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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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US auto giant General Motors got tough with its loss-making European activities, announcing plans to axe one in five jobs in the region over the next two years in a brutal bid to drive the businesses back to profit after six years of losses.
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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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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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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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Thousands of embittered car workers rallied across Europe against mass job cuts planned by General Motors, the world&#39;s biggest automaker, as labor unrest disrupted output at more GM plants Tuesday.
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General Motors Corp., the world's biggest automaker. has pledged to avoid plant closures and layoffs in Europe as it seeks to return its European operations to profitability, worker representatives said Wednesday.
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FRANKFURT : General Motors&#39; European restructuring plans are heading for a further rough ride as wildcat strikes to protest the US automaker&#39;s plans to slash 12,000 jobs get set to spread on Tuesday.
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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 Europe will slash its workforce by around a fifth, cutting as many as 12,000 jobs in a bid to halt chronic losses in the region, the world&#39;s biggest carmaker said on Thursday.
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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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General Motors of Canada will cut about 1,100 jobs at a truck plant in Ontario amid slumping pickup sales, the company said.