GM takes cost-cutting strategies on road, to Europe
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This place could be Flint, Mich., back in the 1970s, before hard times at General Motors sent the once-prosperous manufacturing city over the cliff.
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LONDON, December 9  - General Motors Corp (XGM.NYS) plans to cut 9,500 jobs at its German unit, Adam Opel AG, as part of its efforts to reduce its significant losses in Europe.
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General Motors Corp. GM.N, in the  midst of reassessing its unprofitable European operations, is  not ruling out closing a plant there and is likely to cut some  jobs, a GM spokesman said on Wednesday.
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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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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.
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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's biggest carmaker said on Thursday.
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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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FRANKFURT, Germany  - General Motors Corp.'s German division announced a deal Thursday that will allow the struggling automaker to cut thousands of jobs while avoiding forced layoffs and offering large incentives for employees to leave.
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Here's how hard it is to navigate today's fickle auto industry: Last year, General Motors Corp. managed to preserve profit in North America, but its market share tumbled. At the same time, GM's share of the European market rose to a five-year high, but the company lost a huge amount of money there.
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Europe has been a cold place for American carmakers these last few years. On Thursday, the General Motors Corporation made clear just how cold, announcing it
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General Motors Corp.'s third-quarter earnings rose 3.5 percent, but the company's automotive business lost &#36;130 million primarily because of heavy losses in Europe and lower production and intense pricing pressure in North America.
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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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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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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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BOCHUM, Germany  - 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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LONDON  - General Motors denied a newspaper report Wednesday that said it plans to cut 3,000 jobs in Europe to offset losses in its operations across the region.
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General Motors Corp.  on  Wednesday posted a larger-than-expected quarterly operating  profit as it slashed costs in North America and raised its  cost-cutting target by $1 billion, sending its shares up 5  percent.