Chrysler expected to cut 10,000 jobs
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Chrysler Group is set to join its Detroit-based rivals in the breakdown lane of the nation's auto industry, just a year after it was racing past those competitors in most measures of success.
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DETROIT/FRANKFURT  - DaimlerChrysler said on Wednesday it would cut 13,000 jobs at its Chrysler operation in North America and indicated it could sell or spin off the money-losing unit, which would unwind a troubled 9-year-old merger between Chrysler and Mercedes.
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Automaker Chrysler LLC aims to cut its  product lineup by around a half and dramatically shrink its  dealership network so it can sell its three brands under one  roof, the Wall Street Journal reported on Friday, citing people  familiar with the plan.
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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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Chrysler LLC said on Monday it is offering buyouts of up to $100,000 each to hourly workers at 12 of its Detroit-area facilities as part of its November plan to eliminate up to 10,000 unionized jobs.
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Delta Air Lines DAL.N on Wednesday  said it plans to eliminate between 6,000 and 6,900 jobs during  the next 18 months, implement a 10 percent across-the-board pay  reduction and reduce employee benefits.
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The Chrysler Group said today that it expects to lose $1.26 billion in 2006, and that it will cut production in the third quarter by 90,000 vehicles.
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The world's largest automaker lowered its annual earnings forecast Thursday, a few hours after announcing plans to cut about 20 percent of its European workforce by the end of 2006 in hopes of saving about $600 million a year.
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Planemaker Airbus will announce on Wednesday plans to axe 10,000 jobs in four European countries, but will force contractors to share the pain of cuts which could provoke labor unrest, industry sources said.
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SBC Communications  will cut 10,000 jobs from its workforce through the end of 2005 using attrition and involuntary cuts, the company said in a filing with U.S. market regulators on Friday.
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U.S. automaker Chrysler LLC aims to cut  its product lineup sharply and shrink its dealership network to  sell its three brands under one roof as part of its corporate  restructuring, the company said on Friday.
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Delta Air Lines on Wednesday said it plans to cut between 6,000 and 6,900 jobs during the next 18 months, implement a 10 percent across-the-board pay reduction and reduce employee benefits in a bid to avoid bankruptcy.
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Intel Corp. , the world's  biggest microchip maker, is set to announce sweeping job cuts  later on Tuesday, the Financial Times said, amid speculation  that up to 10 percent of its staff could go.
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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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DaimlerChrysler warns it could lay off up to 4,000 jobs at it North American truck operations next year.
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Chrysler offered buyouts of as much as $100,000 to most of its hourly workers in the Detroit area as part of its plan to cut as many as 10,000 more jobs.
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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.