VW Exec Says Job Cuts May Be Necessary
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The head of personnel at Volkswagen AG said the automaker will have to make dramatic reductions in jobs in Germany if it doesn't get the labor-cost savings it wants in ongoing wage talks, a newspaper reported Wednesday.
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Ford's chief executive says he is worried about the slowing US economy, and he may cut output as a result.
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The head of French carmaker PSA Peugeot Citroen  told newspaper Le Figaro that job losses were likely to occur at the group.
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Continued depreciation in the dollar  is forcing Europe's largest carmaker Volkswagen to consider  building VW and Audi brand cars in the United States, the  company's sales and marketing head said.
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FRANKFURT, Germany Aug. 23, 2004 - Automaker Volkswagen said Monday there is &quot;no room&quot; for wage increases this year as it prepares for pay talks with Germany&#39;s largest industrial union.
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No. 1 automaker&#39;s plan may affect 20% of European work force as it aims to save $500Ma year. FRANKFURT  - General Motors, the world&#39;s largest automaker, is expected to unveil a plan this week to cut
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The situation at German carmaker  Volkswagen  is serious, a senior executive said,  although he denied a report that the company could cut an extra  10,000 jobs at its core VW brand.
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The German slated to become the European Union's next industry commissioner suggested Thursday he might consider toning down proposed chemical safety rules, citing concerns they are too bureacratic and would hamper business.
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Workers at an Opel car plant in Germany demanded assurances that there would be no compulsory layoffs as a condition for ending a stoppage prompted by parent company General Motors' announcement of sweeping job cuts.
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Brussels braced for a major wave of lay-offs at the city's biggest employer after German carmaker Volkswagen announced plans to cut two-thirds of the jobs at its plant in the Belgian capital.
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Porsche, the German maker of luxury sports cars, wants to extend working hours and cut jobs, its chairman said in a newspaper interview on Wednesday.
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Volkswagen AG is threatening to eliminate 30,000 jobs ahead of next week&#39;s wage talks with unions as Europe&#39;s biggest carmaker seeks cost cuts similar to agreements reached by other German companies, including DaimlerChrysler AG.
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DaimlerChrysler AG (DCXGn.DE)   could lay off up to 16 percent of the workers in its North  American truck operations next year due to an expected downturn  in demand, the head of the automaker's truck operations said on  Monday.
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Bernd Pischetsrieder, the outgoing chairman of German car giant Volkswagen, has been entrusted with finding a solution to the bitter takeover battle between Swedish and German truck makers Scania and MAN, a VW spokeswoman said.
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Volkswagen again threatened to move jobs abroad as management sat down with unions to resume wage talks at a time when Europe's biggest car maker is seeking to impose controversial and painful cost cuts on its workforce.
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Porsche, the German maker of luxury sports cars, wants to extend working hours and cut jobs, its chairman said in a newspaper interview at a time when other car makers in Germany are also drastically reducing their workforce in an attempt to drive down costs.
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German automaker Volkswagen AG said Friday it will cut investment in auto operations by 6 percent over the next two years and reshuffle its management board as part of an overall reorganization process meant to trim costs.