Ford set to trim up to 13,000 more jobs: WSJ
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Ford Motor Co  is set to announce up to 13,000 new job cuts after agreeing with the United Auto Workers union on terms of the redundancies, The Wall Street Journal reported on Thursday.
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Jaguar said yesterday it would cut production by about 15,000 cars, or 11%, for the rest of the year in response to weak sales in its key market of the US.
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As Ford Motor Co.  moves to  implement its biggest job-cut and plant-closure program in its  103-year history, uncertainties about the turnaround plan risk  complicating its execution, analysts said on Monday.
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As Ford Motor Co. F.N moves to   implement its biggest job-cut and plant-closure program in its   103-year history, uncertainties about the turnaround plan risk   complicating its execution, analysts said on Monday.
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Ford is widely expected to announce another round of job cuts as it finalises a restructuring drive.
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Chrysler Group plans to cut 1,000  salaried jobs by the end of June, the first action under a  previously announced turnaround plan that targets a total of  13,000 job cuts, the automaker said on Friday.
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The recovery of Ford Motor Co. -- even  with plans to cut 45,000 jobs, close 16 factories and save $5  billion -- hinges on a deceptively simple solution: it has to  build cars people want to drive, analysts said.
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Ford Motor Co. F.N will present to   its board of directors on Wednesday a massive corporate   restructuring plan that will lower white-collar costs by 30   percent and include cutting jobs and benefits, according to the   online version of The Wall Street Journal.
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Ford Motor Credit, the financial arm of   Ford Motor Co. F.N on Thursday said 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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Ford Motor Co.  said on Wednesday  it estimates that its accelerated restructuring plan, announced  in September, will cost $11.18 billion, with most of that going  to programs to lay off employees.
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Navistar International Corp. ,  the U.S. diesel engine maker, said on Monday it would lay off  nearly 400 workers after Ford Motor Co. , one of its key  customers, announced it was cutting fourth-quarter production  by 20 percent.
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Ford Motor Co.  said on Friday it  will revamp three factories in Mexico over the next several  years as part of its North American restructuring plan.
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Motorola Inc.  plans to trim an additional 4,000 jobs this year, bringing the total cuts for 2007 to more than 11 percent of its work force, as the world's No. 2 mobile phone maker reduces costs to return to profitability.
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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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AUBURN HILLS, Michigan  - Chrysler Group, the struggling U.S. arm of DaimlerChrysler AG, on Wednesday said it would cut 13,000 jobs or 16 percent of its work force in a bid to return to profitability by 2008.
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The British oil giant said it would cut an additional 5,000 jobs by the middle of next year as part of a plan by the chief executive to slim management and make the company more efficient.
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Ford Motor Co.F.N will offer three   buyout programs to U.S. salaried workers in an effort to cut   10,000 white-collar jobs by end of first quarter 2007, a   spokeswoman said on Wednesday.