BMW Plans Thousands of Layoffs
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Facing rising costs and resurgent competition from rivals like Mercedes, BMW announced its first significant layoffs in at least a decade.
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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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German premium car maker BMW  aims to increase its sales in the United States to 400,000 units per year in the medium term from 336,000, the German Auto Motor und Sport magazine reported.
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The German auto group BMW will present its strategy for the future on Thursday, a source close the matter told AFP, with press reports saying it would focus on improved production and cleaner cars.
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The company announced the firings on Thursday along with a restructuring plan that included layoffs of about 3,500 employees.
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SBC Communications, one of the biggest US phone companies, is planning to cut more than 10,000 jobs, or about 6% of its workforce, by the end of next year.
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Computer Associates on Wednesday announced a restructuring plan that will lay off 800 employees, or about 5 percent of its workforce, with 550 of the 800 reductions to take place in North America.
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The Nokia Corporation said it would lay off up to 700 people globally, mostly in its enterprise business operation, to increase efficiency and improve competitiveness. The layoffs, expected within the next few months, include 340 workers in Finland. The cuts will affect research and development, related sales and marketing, as well as internal information technology operations, the company said. Nokia said it would try to transfer some workers to different posts.
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Nokia Corp., the world's biggest mobile phone maker, said Tuesday it plans to lay off "a few hundred" research and development workers globally, including up to 250 in Finland, in a move to cut costs.
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Motorola Inc. is laying off 1,000 employees in conjunction with its upcoming chip unit spinoff and ongoing efforts to reduce operating costs, the company said Tuesday in a regulatory filing.
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TUI, Europe's leading travel and tourism group, has unveiled plans to axe thousands of jobs as part of a 250-million-euro (330-million-dollar) cost-cutting drive aimed at steering the group back to higher profits.
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But the step could risk social unrest if heavily indebted state companies respond by laying off more workers.
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SAN JOSE, Calif.  --  Chip-maker Intel Corp. said Tuesday it will eliminate 10,500 jobs  --  about 10 percent of its work force  --  through layoffs, attrition and the sale of underperforming business groups as part of a massive restructuring.
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Yahoo plans to lay off hundreds of employees to increase profitability, prop up its deflated stock price and focus on a smaller number of key areas, people close to the company said.
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The Chrysler Group will offer hourly workers in the United States up to $100,000 to leave the company as part of a recovery plan announced this month.
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German-US auto giant DaimlerChrysler has said it planned to axe 13,000 jobs at its loss-making Chrysler subsidiary as part of a broad restructuring plan aimed at returning the US unit to profitability by 2009.
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Unisys plans to lay off 1,400 workers, mainly in general and administrative positions, and consolidate offices worldwide. The cuts represent 3.8 percent of the company&#39;s staff of 37,000, and