Ford to Cut 1,150 Jobs At British Jaguar Unit
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Ford Motor Co. announced Friday that it would eliminate 1,150 jobs in England to streamline its Jaguar Cars Ltd. unit, where weak sales have failed to offset spending on new products and other parts of the business.
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British carmaker Jaguar will cut production by some 15,000 units over the rest of 2004 amid slack demand, a Jaguar spokesman said on Friday.
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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.
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DEARBORN, Mich. -- Ford Motor Co.'s board will be faced this week with the option of cutting about 6,000 more jobs than previously announced as part of changes to its North American turnaround effort, according to a published report yesterday.
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Cash-strapped Ford Motor Co. took a step yesterday toward selling its Jaguar and Land Rover units when it received an undisclosed number of opening bids for the British automaking businesses.
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Workers at Ford Motor Co.&#39;s luxury British car unit, Jaguar, voted against a strike over plans to cut jobs and scale back production, unions said on Monday.
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Jaguar is to halt production at one of its plant in Coventry, Warwickshire, with the loss of more than 1,000 jobs, because of weak demand for the luxury brand, US parent company Ford announced.
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DETROIT Refocusing on its core business, Ford Motor on Friday unveiled the beginning of a restructuring plan for its struggling Jaguar division, closing the unit&#39;s main plant and putting its Formula One racing business up for sale.
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Production of Jaguar cars in Coventry is to end after more than half a century but will remain in Britain for the time being, the company said yesterday.
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Ford Motor Co. said Tuesday it will end the second of its two production shifts at its suburban assembly plant effective Jan. 3, eliminating about 800 jobs.
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Ford said on Friday its Jaguar Formula  One team would pull out of the sport at the end of the 2004  season.
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LONDON : Jaguar car workers will vote on whether to strike in protest at Ford&#39;s decision to halt production of the luxury vehicle at a plant in central England with the loss of over 1,000 jobs, union leaders warned.
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Ford Motor Credit, the financial arm of  Ford Motor Co.  said on Thursday it would cut 2,000 jobs  -- almost a quarter of its staff in North America -- and close  branch offices in order to cut costs.
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LONDON -- The British Broadcasting Corp. announced Thursday it will cut 1,800 jobs, broadcast fewer programs and require staff to create content for television, radio and the Internet, creating a showdown with journalists and other employees.
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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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FORD, the American car giant, confirmed yesterday that it is to stop producing Jaguar cars at its Brownâs Lane plant in Coventry, with the loss of 1,150 jobs.
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Jaguar and parent company Ford are pulling out of Formula One racing at the end of this season after just two top-three finishes since joining the circuit in 2000.