GM cuts 10,000 jobs in Germany
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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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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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The Ford Motor Company said today that it would cut 10,000 more salaried jobs, close two more factories and eliminate its stock dividend.
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RUESSELSHEIM, Germany - General Motors Europe announced Thursday that it will cut 12,000 jobs on the continent by the end of 2006 in a plan aimed at saving $617 million per year.  ..
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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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Tens of thousands of General Motors workers across Europe were set to stop working on Tuesday in a sign of solidarity with their German colleagues, who face massive job cuts.
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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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General Motors Corp. GM.N 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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Nearly 40,000 people in Germany took part in protests over US auto giant General Motors&#39; plans to axe 12,000 jobs, about one-fifth of its European workforce.
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Staff outraged by General Motors&#39; plans to slash up to 12,000 jobs in Europe have stopped work at a plant in Bochum, Germany, its works council said on Friday.
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Some 10,000 German metal workers walked off the job on Thursday as a strike for higher wages gained momentum and shut down several production plants, unions said.
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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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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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The plan to slash 10,000 jobs at European aircraft manufacturer Airbus is no longer realistic following big orders for Airbus planes, the German IG Metall labour union said on Friday.
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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 Corp. said Thursday it will slash 12,000 jobs from its money-losing European operations -- nearly one in five of its jobs there -- by the end of 2006 in order to save $617 million per year.
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General Motors will cut around 10,000 jobs in Europe in a drive to save some 500 million euros (&#36;613.4 million) a year and return its loss-making operations there to profit, a company source said on Wednesday.