GM Europe labor hails move to sell Astras in U.S.
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General Motors'  European labor  force on Friday hailed news that the world's biggest carmaker  had decided to sell Belgian-made Opel Astras in North America  under the Saturn brand from late next year.
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General Motors Corp. has pledged to avoid plant closures and 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 save 500 million euros ($664 million) annually after cutting 11,500 jobs and reorganizing its European division.
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European shares moved higher on Monday, with DaimlerChrysler (NYSE:DCX) leading the carmakers after reports it was in talks with General Motors (NYSE:GM) and other potential suitors over the sale of its US Chrysler division.
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General Motors Corp  said on Tuesday it will offer a new round of buyouts to some U.S. hourly workers, making way for the automaker to hire new employees at lower wages.
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US auto giant General Motors has decided to shut down one of its two mid-size car-making plants in Europe next year, a decision that could force its subsidiary Saab to close operations in Sweden and slash 6,300 jobs, the Swedish metalworkers' union said.
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General Motors aims to restructure  its loss-making European operations without resorting to  involuntary redundancies or shuttering any plants, GM employee  representatives said on Wednesday.
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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. 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&#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.
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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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Stocks rose on Wednesday as a labor agreement at General Motors Corp  promised to lower costs for Detroit's automakers, while a report that Bear Stearns may sell a stake to outside investors boosted brokerage stocks.
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BETZDORF, Luxembourg - (BUSINESS WIRE) â-ept. 15, 2004 â - UK and Europeâs foremost direct-to-home (DTH) satellite company, SES ASTRA, an SES GLOBAL company (Euronext:SESG) (FWB:SESG)is delighted
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GERMANY - European factories of General Motors Inc. launched a massive strike protesting against the planned major job cuts. The automaker has recently released its plans to reduce the number of jobs by 12
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Labor talks in Detroit intensified yesterday, with the United Auto Workers selecting General Motors as lead company in contract negotiations that analysts and auto officials say could determine the survival of the Big Three automakers.
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General Motors Corp. (GM.N: Quote, Profile, Research) on Friday said its US sales soared a surprising 20.5 percent in September, but the US automaker also cut production
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GM's plans to cut 12,000 jobs across Europe spark a walk out of a German car plant likely to be hit by the cuts.